Texas § FI.62.005 - CORPORATE NAME
Full text of Texas The Texas Constitution § FI.62.005 — CORPORATE NAME, with citation guidance and answers to common questions.
§ FI.62.005. CORPORATE NAME
CORPORATE NAME. (a) The name of an association must include the words "Savings Association," "Savings Institution," "Savings and Loan Association," or "Savings and Loan Institution," preceded by one or more appropriate descriptive words approved by the commissioner. (b) The commissioner may not approve the incorporation of an association that has the same name as another association authorized to do business in this state under this subtitle or a name so nearly resembling the name of another association as to be calculated to deceive unless the association is formed: (1) by the reincorporation, reorganization, or consolidation of other associations; or (2) on the sale of the property or franchise of an association. (c) A person who is not an association authorized to do business under this subtitle may not do business under a name or title that: (1) indicates or reasonably implies that the business being done is the type of business carried on or transacted by an association; or (2) is calculated to lead a person to believe that the business being done is the type of business carried on or transacted by an association. (d) On application by the commissioner or an association, a court may enjoin a violation of this section. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.62.005
What does The Texas Constitution § FI.62.005 cover?
Section FI.62.005 ("CORPORATE NAME") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.62.005?
A common citation format is "The Texas Constitution § FI.62.005" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.62.005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.