Texas § FI.62.251 - APPLICATION TO CONVERT
Full text of Texas The Texas Constitution § FI.62.251 — APPLICATION TO CONVERT, with citation guidance and answers to common questions.
§ FI.62.251. APPLICATION TO CONVERT
APPLICATION TO CONVERT. (a) A federal association or state or national bank may convert to an association if the conversion is approved by a majority vote of the members or shareholders of the federal association or state or national bank cast at an annual meeting or a special meeting called to consider the conversion. (b) The application to convert must: (1) be filed in the office of the commissioner and with the appropriate banking agency not later than the 10th day after the date of the meeting; and (2) include a copy of the minutes of the meeting, sworn to by the secretary or an assistant secretary. (c) The copy of the minutes filed under Subsection (b) is presumptive evidence that the meeting was held and the conversion was approved. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008 ), Sec. 6, eff. September 1, 2013.
Frequently Asked Questions About Texas § FI.62.251
What does The Texas Constitution § FI.62.251 cover?
Section FI.62.251 ("APPLICATION TO CONVERT") 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.62.251?
A common citation format is "The Texas Constitution § FI.62.251" (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.62.251 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.