Sec. 92.607.  DISSOLUTION.  (a)  A limited savings bank organized under this subchapter is dissolved on:
(1)  the expiration of the period fixed for the duration of the limited savings bank; or
(2)  the occurrence of events specified in the certificate of formation or company agreement to cause dissolution.
(b)  A dissolution under this section is considered a resolution to close the savings bank under Section 96.251.
Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.15, eff. September 1, 2005.