All codes › Finance Code › Title 3

Chapter 62

Organizational and Financial Requirements

Subchapter A. Incorporation in General

62.001 Application to Incorporate 62.002 Additional Incorporation Requirements for Capital Stock Association 62.003 Additional Incorporation Requirements for Mutual Association 62.004 Approval of Managing Officer 62.005 Corporate Name 62.006 Hearing on Application to Incorporate 62.007 Decision on Application to Incorporate; Issuance of Certificate of Incorporation 62.008 Preference for Local Control 62.009 Deadline for Commencing Business 62.010 Amendment of Articles of Incorporation or Bylaws 62.011 Change of Office or Name

Subchapter B. Incorporation to Reorganize or Merge

62.051 Purpose of Incorporation 62.052 Incorporation Requirements 62.053 Decision on Application; Issuance of Certificate of Incorporation

Subchapter C. Administration

62.101 Organizational Meeting 62.102 Board of Directors 62.104 Officers 62.105 Indemnity Bonds of Directors, Officers, and Employees 62.106 Meetings of Members and Shareholders 62.107 Voting Rights

Subchapter D. Operations and Finances

62.151 Computation of Income; Statement of Condition 62.152 Minimum Net Worth Requirement 62.153 Insurance of Savings Accounts 62.154 Limitation on Issuance of Securities 62.155 Common Stock 62.156 Preferred Stock 62.157 Series and Classes of Preferred Stock 62.158 Dividends on Capital Stock 62.159 Use of Surplus Accounts and Expense Fund Contributions 62.160 Use of Expense Fund Contributions

Subchapter E. Conversion to Federal Association

62.201 Conditions for Conversion 62.202 Application to Convert 62.203 Review by Commissioner; Approval 62.204 Hearing on Application 62.205 Consummation of Conversion 62.206 Filing of Charter or Certificate 62.207 Effect of Issuance of Charter 62.208 Continuation of Corporate Existence 62.209 Property and Obligations of Converted Association

Subchapter F. Conversion of Federal Association or State or National Bank to State Association

62.251 Application to Convert 62.252 Election of Directors; Execution and Acknowledgment of Application and Bylaws 62.253 Review by Commissioner; Approval 62.254 Applicability of Subtitle to Converted Association

Subchapter G. Conversion of Association to State or National Bank or State or Federal Savings Bank

62.301 Application to Convert to State Savings Bank 62.302 Application to Convert to State or National Bank or State or Federal Savings Bank 62.303 Review by Commissioner; Approval 62.304 Filing of Charter or Certificate 62.305 Effect of Approval of Application and Issuance of Charter 62.306 Continuation of Corporate Existence 62.307 Property and Obligations of Converted Association

Subchapter H. Reorganization, Merger, and Consolidation

62.351 Authority to Reorganize, Merge, or Consolidate 62.352 Continuation of Corporate Existence; Home Office of Surviving Entity 62.353 Notice and Hearing; Confidentiality 62.354 Denial by Commissioner of Plan

Subchapter I. Additional Provisions for Merger or Consolidation of Domestic and Foreign Associations

62.401 Applicability of Subchapter 62.402 Adoption of Merger or Consolidation Plan 62.403 Notice and Hearing; Confidentiality 62.404 Denial by Commissioner of Application 62.405 Approval by Commissioner of Plan 62.406 Enforcement of Condition, Restriction, or Requirement on Surviving Foreign Association

Subchapter J. Merger of Subsidiary Corporation

62.451 Authority to Merge 62.452 Articles of Merger 62.453 Approval of Merger 62.454 Effect of Merger 62.455 Inapplicability of Subchapter H

Subchapter K. Voluntary Liquidation

62.501 Resolution to Liquidate and Dissolve; Approval by Commissioner 62.502 Distribution of Assets 62.503 Final Report and Accounting

Subchapter L. Change of Control of Association

62.551 Inapplicability of Subchapter 62.552 Effect of Subchapter on Other Law 62.553 Application for Change of Control 62.554 Application Filing Fee 62.555 Denial of Application 62.556 Appeal to Commissioner of Denial 62.557 Judicial Review 62.558 Unauthorized Change of Control 62.559 Confidentiality 62.560 Injunction 62.561 Criminal Penalty