Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 92.055: APPROVAL OF MANAGING OFFICER.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE C. SAVINGS BANKS
CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS
SUBCHAPTER B. INCORPORATION IN GENERAL

(a) A savings bank may not begin business before:

(1) it presents to the commissioner the name and qualifications of its managing officer; and

(2) the commissioner approves the managing officer.

(b) An applicant is not required at a hearing on the application or in a public record to specify the name and qualifications of the managing officer of the savings bank.

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

Collected 2026-08-27T01:47:13Z. Source file · JSON

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