Sec. 92.257.  EFFECT OF ISSUANCE OF CHARTER.  On the issuance of a charter by the appropriate banking agency, the savings bank:
(1)  ceases to be a savings bank incorporated under this subtitle;  and
(2)  is not subject to the supervision and control of the commissioner under this subtitle.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.