Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 826.202 - Commissioner Powers and Duties; Approval(a) The commissioner shall review the proposed plan of reorganization as an alternate conversion plan under Section 826.061. The commissioner may require as a condition of approval modifications of the proposed plan of reorganization that the commissioner determines necessary to protect the members' interests.(b) The commissioner may retain a qualified expert as provided by Section 826.102(e).(c) The commissioner has jurisdiction over a mutual holding company organized under this subchapter to ensure that member interests are protected.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.