{"data":{"id":"us-tx/tex.-finance-code-92.404","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.404","heading":"DENIAL BY COMMISSIONER OF APPLICATION.","body":"If the surviving savings bank is a foreign savings bank, the commissioner shall deny the application if:\n(1) the law of the state in which the foreign savings bank has its principal place of business does not permit a savings bank of that state to merge or consolidate with a domestic savings bank if the surviving savings bank is a domestic savings bank; or\n(2) the foreign savings bank is controlled by a holding company that has its principal place of business in a state whose law does not permit a savings bank of that state to merge or consolidate with a domestic savings bank if the surviving savings bank is a domestic savings bank.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER I. ADDITIONAL PROVISIONS FOR MERGER OR CONSOLIDATION OF FOREIGN AND DOMESTIC SAVINGS BANKS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.404","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"f0016ded2f70a0f976533384444fef8b71871becabfe598a2d1678c83f55a00d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.403","next":"us-tx/tex.-finance-code-92.405"},"notice":"GroundRules: Original legal text. Not legal advice."}