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

Tex. Finance Code § 92.607: DISSOLUTION.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE C. SAVINGS BANKS
  4. CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS
  5. SUBCHAPTER M. LIMITED SAVINGS BANK

(a) A limited savings bank organized under this subchapter is dissolved on:

(1) the expiration of the period fixed for the duration of the limited savings bank; or

(2) the occurrence of events specified in the certificate of formation or company agreement to cause dissolution.

(b) A dissolution under this section is considered a resolution to close the savings bank under Section 96.251.

Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.15, eff. September 1, 2005.

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

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