Tex. Fin. Code § 62.253

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 62.253 - Review By Commissioner; Approval
(a) On receipt of an application, the commissioner shall order an examination of the entity to be converted.
(b) If the commissioner finds the entity is in sound condition, the commissioner shall:
(1) approve the conversion; and
(2) insert in the certificate of incorporation, at the end of the paragraph preceding the testimonium clause, the statement "This association is incorporated by conversion from __________ (a federal savings and loan association, state bank, or national bank, as applicable)."

Tex. Fin. Code § 62.253

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.