All codes › Finance Code › Title 3

Chapter 92

Organizational and Financial Requirements

Subchapter A. General Provisions

92.001 Applicability of Other Law

Subchapter B. Incorporation in General

92.051 Application to Incorporate 92.052 Additional Requirements for Capital Stock Savings Bank 92.053 Additional Requirements for Mutual Savings Bank 92.054 Minimum Initial Capital 92.055 Approval of Managing Officer 92.056 Corporate Name 92.057 Hearing on Application to Incorporate 92.058 Decision on Application to Incorporate; Issuance of Certificate of Incorporation 92.059 Judicial Review 92.060 Preference for Local Control 92.061 Deadline for Commencing Business 92.062 Amendment of Articles of Incorporation or Bylaws 92.063 Change of Office or Name; Establishment of Additional Offices

Subchapter C. Incorporation to Reorganize or Merge

92.101 Purpose of Incorporation 92.102 Incorporation Requirements 92.103 Decision on Application; Issuance of Certificate of Incorporation

Subchapter D. Administration

92.151 Organizational Meeting 92.152 Board of Directors 92.153 Qualification of Directors 92.154 Officers 92.155 Conflicts of Interest 92.156 Financial Institution Bond 92.157 Meetings of Members or Shareholders 92.158 Voting Rights

Subchapter E. Operations and Finances

92.201 Books and Records 92.203 Regulatory Capital 92.204 Qualified Thrift Lender Test 92.205 Computation of Income 92.206 Insurance of Deposit Accounts 92.207 Limitation on Issuance of Securities 92.208 Common Stock 92.209 Preferred Stock 92.210 Series and Classes of Preferred Stock 92.211 Dividends on Capital Stock 92.212 Use of Surplus Accounts and Expense Fund Contributions 92.213 Use of Expense Fund Contributions

Subchapter F. Conversion of Savings Bank to Other Financial Institution

92.251 Conditions for Conversion 92.252 Application for Conversion 92.253 Action by Commissioner on Application 92.254 Hearing on Application 92.255 Consummation of Conversion 92.256 Filing of Charter or Certificate 92.257 Effect of Issuance of Charter 92.258 Continuation of Corporate Existence 92.259 Property and Obligations of Converted Savings Bank

Subchapter G. Conversion of Other Financial Institution to Savings Bank

92.301 Application to Convert 92.302 Election of Directors; Execution and Acknowledgment of Application and Bylaws 92.303 Review by Commissioner; Approval 92.304 Hearing on Denial; Appeal 92.305 Continuation of Corporate Existence 92.306 Property and Obligations of Converted Institution 92.307 Effect of Conversion on Pending Legal Action 92.308 Local Filing of Conversion Order Required

Subchapter H. Reorganization, Merger, and Consolidation in General

92.351 Authority to Reorganize, Merge, or Consolidate 92.352 Notice and Hearing; Confidentiality 92.353 Denial by Commissioner of Plan 92.354 Alternative or Additional Procedures 92.355 Continuation of Corporate Existence; Home Office of Surviving Entity

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

92.401 Applicability of Subchapter 92.402 Adoption of Merger or Consolidation Plan 92.403 Notice and Hearing; Confidentiality 92.404 Denial by Commissioner of Application 92.405 Approval by Commissioner of Plan 92.406 Enforcement of Condition, Restriction, or Requirement on Surviving Foreign Savings Bank 92.407 Merger of Foreign Savings and Loan Association

Subchapter J. Merger of Subsidiary Corporation

92.451 Authority to Merge 92.452 Articles of Merger 92.453 Approval of Merger 92.454 Effect of Merger 92.455 Inapplicability of Subchapter H

Subchapter K. Voluntary Liquidation

92.501 Resolution to Liquidate and Dissolve 92.502 Distribution of Assets 92.503 Final Report and Accounting

Subchapter L. Change of Control of Savings Bank

92.551 Inapplicability of Subchapter 92.552 Effect of Subchapter on Other Law 92.553 Application for Change of Control 92.554 Notice of Application 92.555 Confidentiality 92.556 Denial of Application 92.557 Notice of Intent to Deny; Hearing 92.558 Judicial Review 92.559 Unauthorized Change of Control 92.560 Injunction 92.561 Criminal Penalty

Subchapter M. Limited Savings Bank

92.601 Application to Organize 92.602 Liability of Members and Managers 92.603 Contributions 92.604 Managers of Limited Savings Bank 92.605 Withdrawal or Reduction of Member's Contribution 92.606 Company Agreement of Limited Savings Bank 92.607 Dissolution 92.608 Allocation of Profits and Losses 92.609 Distributions 92.610 Amendment of Governing Documents 92.611 Application of Other Provisions to Limited Savings Banks; Miscellaneous Provisions