Finance Code › Title 3 › Chapter 92 › Subchapter B

Texas Finance Code § 92.060

Preference for Local Control

Organizational and Financial Requirements · Incorporation in General

If more than one application to incorporate a new savings bank or establish an additional office of an existing savings bank in the same community is before the commissioner at the same time, the commissioner may give additional weight to the application of the applicant that has the greater degree of control vested in or held by residents of the community.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.