CONVERSION OF STATE CREDIT UNION TO OUT-OF-STATE CREDIT UNION
Known as the Texas Credit Union Act
The act spans §§ 121–149 (219 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
A credit union organized under the laws of this state may convert to a credit union under the laws of another state:
(1) on an affirmative vote by a majority of the members voting at a meeting called for that purpose; and
(2) by complying with any applicable commission rule.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.