CONVERSION OF FEDERAL OR OUT-OF-STATE CREDIT UNION TO 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 the United States or of another state may convert to a credit union organized under the laws of this state by complying with:
(1) the requirements of the jurisdiction under which the converting credit union is organized; and
(2) commission rules.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.