{"data":{"id":"us-tx/tex.-finance-code-62.305","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.305","heading":"EFFECT OF APPROVAL OF APPLICATION AND ISSUANCE OF CHARTER.","body":"On the commissioner's approval of the application for conversion and the appropriate financial institution regulatory agency's issuance of a charter, the bank or savings bank:\n(1) ceases to be an association incorporated under this subtitle; and\n(2) is no longer subject to the supervision and control of the commissioner.\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 G. CONVERSION OF ASSOCIATION TO STATE OR NATIONAL BANK OR STATE OR FEDERAL SAVINGS BANK"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.305","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"dc42a3727c73a371279b5e7149a62abb711e29a6b3b33e9c1300fc8c21e5243e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.304","next":"us-tx/tex.-finance-code-62.306"},"notice":"GroundRules: Original legal text. Not legal advice."}