Not later than the 10th day after the date an application to convert is received, the commissioner shall:
(1) consent in writing to the conversion; or
(2) set a hearing on whether the conversion complies with rules adopted under Section 62.201.
Tex. Fin. Code § 62.203
REVIEW BY COMMISSIONER; APPROVAL
Known as the Texas Savings and Loan Act
The act spans §§ 61–89 (217 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.