On the issuance of a charter by the Office of the Comptroller of the Currency, the association:
(1) ceases to be an association incorporated under this subtitle; and
(2) is no longer subject to the supervision and control of the commissioner.
Tex. Fin. Code § 62.207
EFFECT OF ISSUANCE OF CHARTER
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.