Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 92.251 - Conditions for Conversion(a) The finance commission by rule shall establish the conditions under which a savings bank may convert to another financial institution.(b) The rules must ensure that a conversion does not cause undue harm to the public interest or to another existing financial institution.
Tex. Fin. Code § 92.251
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.