{"data":{"id":"us-tx/tex.-finance-code-92.101","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.101","heading":"PURPOSE OF INCORPORATION.","body":"A person may apply to incorporate a savings bank for the purpose of:\n(1) purchasing the assets, assuming the liabilities other than liability to shareholders, and continuing the business of a financial institution the commissioner considers to be in an unsafe condition;\n(2) acquiring an existing financial institution by merger; or\n(3) facilitating a reorganization or merger with or into a savings bank under rules adopted by the finance commission.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.04, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER C. INCORPORATION TO REORGANIZE OR MERGE"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.101","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"d2e28e7769d2604d47cf6f21b04350e661f8f612240a0d10fca884bd98799adf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.063","next":"us-tx/tex.-finance-code-92.102"},"notice":"GroundRules: Original legal text. Not legal advice."}