Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 4 - DEPARTMENT OF SAVINGS AND MORTGAGE LENDING
Chapter 60 - SAVINGS ASSOCIATIONS
Subchapter B - APPLICATIONS
Division 2 - CHARTER APPLICATIONS AND AMENDMENTS
Section 60.123 - Certificate of Formation or Bylaws Amendments

Universal Citation: 7 TX Admin Code ยง 60.123

Current through Reg. 49, No. 38; September 20, 2024

(a) Approval Required. A savings association may not amend its certificate of formation, bylaws, or other governing documents without the prior written approval of the Commissioner.

(b) Application Requirements. The application to amend the savings association's certificate of formation, or bylaws must include the proposed amendments together with an explanation as to why the amendments are necessary.

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