Section 92.052 - Additional Requirements for Capital Stock Savings Bank(a) A capital stock savings bank's articles of incorporation must include a statement of: (1) the aggregate number of shares of common stock that the savings bank may issue;(2) the par value of each share or that the shares are without par value;(3) whether the savings bank may issue preferred stock;(4) the amount of stock that has been subscribed and will be paid for before the savings bank begins business;(5) the name and address of each subscriber and the amount subscribed by each; and(6) the amount of paid-in surplus with which the savings bank will begin business.(b) Before approving the application of a capital stock savings bank, the commissioner shall require the savings bank to have an aggregate amount of capital in the form of stock and paid-in surplus the finance commission by rule specifies.(c) The subscriptions for capital stock, less any lawful expenditures, shall be returned pro rata to the subscribers if: (1) the application is not approved; or(2) the savings bank does not begin business.Amended by Acts 2001, 77th Leg., ch. 867, Sec. 36, eff. 9/1/2001. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.