Texas § FI.92.052 - ADDITIONAL REQUIREMENTS FOR CAPITAL STOCK SAVINGS BANK
Full text of Texas The Texas Constitution § FI.92.052 — ADDITIONAL REQUIREMENTS FOR CAPITAL STOCK SAVINGS BANK, with citation guidance and answers to common questions.
§ FI.92.052. ADDITIONAL REQUIREMENTS FOR CAPITAL STOCK SAVINGS BANK
ADDITIONAL REQUIREMENTS FOR CAPITAL STOCK SAVINGS BANK. (a) A capital stock savings bank's articles of incorporation must include a statement of: (1) the aggregate number of shares of common stock that the savings bank may issue; (2) the par value of each share or that the shares are without par value; (3) whether the savings bank may issue preferred stock; (4) the amount of stock that has been subscribed and will be paid for before the savings bank begins business; (5) the name and address of each subscriber and the amount subscribed by each; and (6) the amount of paid-in surplus with which the savings bank will begin business. (b) Before approving the application of a capital stock savings bank, the commissioner shall require the savings bank to have an aggregate amount of capital in the form of stock and paid-in surplus the finance commission by rule specifies. (c) The subscriptions for capital stock, less any lawful expenditures, shall be returned pro rata to the subscribers if: (1) the application is not approved; or (2) the savings bank does not begin business. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2001, 77th Leg., ch. 867, Sec. 36, eff. Sept. 1, 2001.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.92.052
What does The Texas Constitution § FI.92.052 cover?
Section FI.92.052 ("ADDITIONAL REQUIREMENTS FOR CAPITAL STOCK SAVINGS BANK") 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.92.052?
A common citation format is "The Texas Constitution § FI.92.052" (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.92.052 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.