Texas § FI.92.051 - APPLICATION TO INCORPORATE
Full text of Texas The Texas Constitution § FI.92.051 — APPLICATION TO INCORPORATE, with citation guidance and answers to common questions.
§ FI.92.051. APPLICATION TO INCORPORATE
APPLICATION TO INCORPORATE. (a) Five or more adult residents of this state may apply to incorporate a savings bank by submitting to the commissioner: (1) an application to incorporate a savings bank that is: (A) in a form specified by the commissioner; and (B) signed by each incorporator; and (2) the filing fee. (b) An application must contain: (1) two copies of the savings bank's articles of incorporation identifying: (A) the name of the savings bank; (B) the location of the principal office; and (C) the names and addresses of the initial directors; (2) two copies of the savings bank's bylaws; (3) data sufficiently detailed and comprehensive to enable the commissioner to make findings under Section 92.058 , including statements, exhibits, and maps; (4) other information relating to the savings bank and its operation that the finance commission by rule requires; and (5) financial information about each applicant, incorporator, director, officer, or shareholder that the finance commission by rule requires. (c) Financial information described by Subsection (b) is confidential and not subject to public disclosure unless the commissioner finds that disclosure is necessary and in the public interest. (d) The articles of incorporation and statements of fact must be signed and sworn to. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 35, eff. Sept. 1, 2001.
Frequently Asked Questions About Texas § FI.92.051
What does The Texas Constitution § FI.92.051 cover?
Section FI.92.051 ("APPLICATION TO INCORPORATE") 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.92.051?
A common citation format is "The Texas Constitution § FI.92.051" (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.92.051 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.