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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Only with the prior approval of the commissioner given in accordance with rules of the finance commission may a savings bank:
(1) establish an office other than the principal office stated in the savings bank's articles of incorporation;
(2) move an office from its immediate vicinity; or
(3) change the savings bank's name.
(b) The commissioner may permit a savings bank to establish additional offices in this state or another state in accordance with rules of the finance commission.
(c) On request, the commissioner shall give a person who might be affected by the establishment of additional offices or the change of office location or name an opportunity to be heard under Section 91.004.
(d) A savings bank may not establish or maintain a branch on the premises or property of an affiliate if the affiliate engages in commercial activities not permitted for a state savings bank or subsidiary of a state savings bank.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 92.063. Change of Office or Name; Establishment of Additional Offices - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-92-063/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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