Tex. Finance Code § 62.305
This is the official text of Tex. Finance Code § 62.305, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 62.305. EFFECT OF APPROVAL OF APPLICATION AND ISSUANCE OF CHARTER.
Official statutory text
On the commissioner's approval of the application for conversion and the appropriate financial institution regulatory agency's issuance of a charter, the bank or savings bank:
(1) ceases to be an association incorporated under this subtitle; and
(2) is no longer subject to the supervision and control of the commissioner.
(1) ceases to be an association incorporated under this subtitle; and
(2) is no longer subject to the supervision and control of the commissioner.
Status: in_force · Read it on the official government site
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