{"data":{"id":"us-tx/tex.-finance-code-62.051","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.051","heading":"PURPOSE OF INCORPORATION.","body":"A person may apply to incorporate an association for the purpose of:\n(1) purchasing the assets, assuming the liabilities, excluding liability to stockholders, and continuing the business of an association the commissioner considers to be in an unsafe condition; or\n(2) acquiring an existing association by merger.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER B. INCORPORATION TO REORGANIZE OR MERGE"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"9193408212da4f0fc6e98edc33c8ca3a9bac680ba335ccf8602a4ea793d232a5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.011","next":"us-tx/tex.-finance-code-62.052"},"notice":"GroundRules: Original legal text. Not legal advice."}