Finance Code § 92.501
A savings bank may liquidate and dissolve only after member or shareholder approval and commissioner approval; once approved, it cannot take new deposits or make new loans and must use liquidation surplus to pay liabilities.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
bank operations commissioner approval deposit accounts lending
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
Finance Code § 92.501
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign inLexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.