Finance Code § 62.501
An association may liquidate and dissolve only after member/shareholder approval and commissioner approval; once approved, it cannot take additional savings accounts or loans and must use liquidation surplus to pay liabilities.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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asset and liability filing commissioner approval liquidation process member approval
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Finance Code § 62.501
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