Texas Finance Code 62.353 – Notice and Hearing; Confidentiality
Current as of: 2024 | Check for updates
|
Other versions
(a) On presentation of a plan of reorganization, merger, or consolidation, the commissioner shall give:
(1) public notice of the reorganization, merger, or consolidation in each county in which an association participating in the plan has an office; and
(2) any interested person an opportunity to appear, present evidence, and be heard for or against the plan.
(b) A hearing officer designated by the commissioner shall preside over the hearing.
Terms Used In Texas Finance Code 62.353
- 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.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) If a protest is not received on or before the date of the hearing, the commissioner or hearing officer may waive the hearing.
(d) Except as provided by Subsection (e), the provisions of Chapter 2001, Government Code, applicable to a contested case apply to the hearing.
(e) If the commissioner designates a merger as a supervisory merger under rules adopted by the finance commission:
(1) the notice and hearing provisions of Chapter 2001, Government Code, and of this section do not apply to the application; and
(2) the application and all information relating to the application are confidential and not subject to public disclosure.