Dissolution

Sec. 92.607. DISSOLUTION. (a) A limited savings bank organized under this subchapter is dissolved on: (1) the expiration of the period fixed for the duration of the limited savings bank; or (2) the occurrence of events specified in the certificate of formation or company agreement to cause dissolution. (b) A dissolution under this section is considered a resolution to close the savings bank under Section 96.251. Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.15, eff. September 1, 2005.