Effect of Issuance of Charter

Tex. Finance Code § 92.257, under Chapter 92.

Tex. Finance Code § 92.257

Sec. 92.257. EFFECT OF ISSUANCE OF CHARTER. On the issuance of a charter by the appropriate banking agency, the savings bank: (1) ceases to be a savings bank incorporated under this subtitle; and (2) is not subject to the supervision and control of the commissioner under this subtitle. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.