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