Tex. Finance Code § 62.353
This is the official text of Tex. Finance Code § 62.353, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 62.353. NOTICE AND HEARING; CONFIDENTIALITY.
Official statutory text
(a) On presentation of a plan of reorganization, merger, or consolidation, the commissioner shall give:
(1) public notice of the reorganization, merger, or consolidation in each county in which an association participating in the plan has an office; and
(2) any interested person an opportunity to appear, present evidence, and be heard for or against the plan.
(b) A hearing officer designated by the commissioner shall preside over the hearing.
(c) If a protest is not received on or before the date of the hearing, the commissioner or hearing officer may waive the hearing.
(d) Except as provided by Subsection (e), the provisions of Chapter 2001, Government Code, applicable to a contested case apply to the hearing.
(e) If the commissioner designates a merger as a supervisory merger under rules adopted by the finance commission:
(1) the notice and hearing provisions of Chapter 2001, Government Code, and of this section do not apply to the application; and
(2) the application and all information relating to the application are confidential and not subject to public disclosure.
(1) public notice of the reorganization, merger, or consolidation in each county in which an association participating in the plan has an office; and
(2) any interested person an opportunity to appear, present evidence, and be heard for or against the plan.
(b) A hearing officer designated by the commissioner shall preside over the hearing.
(c) If a protest is not received on or before the date of the hearing, the commissioner or hearing officer may waive the hearing.
(d) Except as provided by Subsection (e), the provisions of Chapter 2001, Government Code, applicable to a contested case apply to the hearing.
(e) If the commissioner designates a merger as a supervisory merger under rules adopted by the finance commission:
(1) the notice and hearing provisions of Chapter 2001, Government Code, and of this section do 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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