Section 97.051 - Reorganization to Become Mutual Holding Company(a) Notwithstanding any other law, a savings bank may be reorganized as a mutual holding company by submitting to the commissioner an application for approval of reorganization.(b) Before submission, an application for reorganization must be approved by a majority vote of the members or shareholders of the savings bank cast at an annual meeting or a special meeting called to consider the reorganization.Added by Acts 2005, 79th Leg., Ch. 1018, Sec. 5.21, eff. 9/1/2005.