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2025 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle C - Savings Banks
Chapter 92 - Organizational and Financial Requirements
Subchapter M. Limited Savings Bank
Section 92.607. Dissolution
Universal Citation:
TX Fin Code § 92.607 (2025)
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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.
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