Texas Finance Code 122.008 – Effect of Issuance of Certificate of Incorporation
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(a) A credit union’s existence begins when the commissioner issues the certificate of incorporation.
(b) The certificate of incorporation is conclusive evidence that the incorporators have complied with this subtitle and that the credit union is incorporated under this chapter.
Terms Used In Texas Finance Code 122.008
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(c) Acceptance of a certificate of incorporation by the credit union is conclusive evidence that the credit union is authorized to do business under this subtitle.