{"data":{"id":"us-tx/tex.-finance-code-92.301","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.301","heading":"APPLICATION TO CONVERT.","body":"(a) Another financial institution may convert to a savings bank if the conversion is approved by a majority vote of the members or shareholders of the financial institution cast at an annual meeting or a special meeting called to consider the conversion.\n(b) The application to convert must:\n(1) be submitted to the commissioner and mailed to the appropriate banking agency not later than the 30th day after the date of the meeting; and\n(2) include a copy of the minutes of the meeting, sworn to by the secretary or an assistant secretary.\n(c) The copy of the minutes filed under Subsection (b) is presumptive evidence that the meeting was held and the conversion was approved.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.12, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER G. CONVERSION OF OTHER FINANCIAL INSTITUTION TO SAVINGS BANK"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.301","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"3cf3b0360bb0f25de4735d7fc79de220b3b1ec8e4cc7bc8edf619204d3f7bb4e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.259","next":"us-tx/tex.-finance-code-92.302"},"notice":"GroundRules: Original legal text. Not legal advice."}