{"data":{"id":"us-tx/tex.-finance-code-97.051","jurisdiction":"us-tx","citation":"Tex. Finance Code § 97.051","heading":"REORGANIZATION TO BECOME MUTUAL HOLDING COMPANY.","body":"(a) Notwithstanding any other law, a savings bank may be reorganized as a mutual holding company by submitting to the commissioner an application for approval of reorganization.\n(b) Before submission, an application for reorganization must be approved by a majority vote of the members or shareholders of the savings bank cast at an annual meeting or a special meeting called to consider the reorganization.\nAdded by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.21, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 97. HOLDING COMPANIES","SUBCHAPTER B. MUTUAL HOLDING COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.97.htm#97.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"88d418e14d58f900e71af8bc9dc45683eb7c2bef6d04e5c4121cd34f51a1c07e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-97.007","next":"us-tx/tex.-finance-code-97.052"},"notice":"GroundRules: Original legal text. Not legal advice."}