Tex. Finance Code § 62.052
This is the official text of Tex. Finance Code § 62.052, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 62.052. INCORPORATION REQUIREMENTS.
Official statutory text
(a) An application to incorporate an association under this subchapter must be submitted to the commissioner.
(b) The application must include information required by rule of the finance commission.
(c) The association must have capital in an amount set by the commissioner that is sufficient to carry out the purposes for which incorporation is requested.
(d) If the commissioner considers the association to be reorganized or merged to be in an unsafe condition:
(1) Chapter 2001, Government Code, does not apply to the application; and
(2) the application and all information relating to the application are confidential and not subject to public disclosure.
(b) The application must include information required by rule of the finance commission.
(c) The association must have capital in an amount set by the commissioner that is sufficient to carry out the purposes for which incorporation is requested.
(d) If the commissioner considers the association to be reorganized or merged to be in an unsafe condition:
(1) Chapter 2001, Government Code, does not apply to the application; and
(2) the application and all information relating to the application are confidential and not subject to public disclosure.
Status: in_force · Read it on the official government site
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