Texas Finance Code 96.251 – Closing of Savings Bank by Board Resolution
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Terms Used In Texas Finance Code 96.251
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
A savings bank’s board, by resolution and with the commissioner’s consent, may close the savings bank and tender to the commissioner for disposition as provided by this subchapter the assets and all the affairs of the savings bank.