SUBCHAPTER F. CONVERSION OF SAVINGS BANK TO OTHER FINANCIAL INSTITUTION

Sec. 92.251.  CONDITIONS FOR CONVERSION.  (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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.