CONDITIONS FOR CONVERSION
Known as the Texas Savings Bank Act
The act spans §§ 91–119 (255 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
(a) The finance commission by rule shall establish the conditions under which a savings bank may convert to another financial institution.
(b) The rules must ensure that a conversion does not cause undue harm to the public interest or to another existing financial institution.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.