reglab/housing_qa huggingface dataset:
TX Fin Code § 59.309 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle A - Banks|Chapter 59 - Miscellaneous Provisions|Subchapter D. Safety at Unmanned Teller Machines|Section 59.309. Notice of Safety Precautions

Sec. 59.309.  NOTICE OF SAFETY PRECAUTIONS.  (a)  An issuer of an access device shall give the customer a notice of basic safety precautions that the customer should follow while using an unmanned teller machine.(b)  The issuer shall personally deliver or mail the notice to each customer whose mailing address is in this state according to records for the account to which the access device relates.  If the issuer furnishes an access device to more than one customer on the same account, the issuer is required to furnish a notice to only one of the customers.(c)  The issuer may furnish information under this section with other disclosures related to the access device, including an initial or periodic disclosure statement furnished under the Electronic Fund Transfer Act (15 U.S.C. Section 1693 et seq.).|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 59.310 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle A - Banks|Chapter 59 - Miscellaneous Provisions|Subchapter D. Safety at Unmanned Teller Machines|Section 59.310. Enforcement and Rules

Sec. 59.310.  ENFORCEMENT AND RULES.  (a)  The finance commission and the Credit Union Commission shall enforce this subchapter and adopt rules to implement this subchapter.(b)  The rules must establish security requirements to be implemented by a financial institution for the operation of an unmanned teller machine.  The rules may require the financial institution to install and maintain security devices in addition to those required by this subchapter to be operated in conjunction with the machine for the protection of customers using the machine, including:(1)  video surveillance equipment that is maintained in working order and operated continuously during the hours of operation of the machine;  and(2)  adequate lighting around the premises that contain the machine.(b-1)  The rules may provide for a system that enhances customer security, taking into account emerging technologies, the availability of networks to exchange information, and the potential compliance costs for financial institutions and other unmanned teller machine service providers.(c)  A financial institution that violates a rule adopted under this section is subject to a civil penalty of not less than $50 or more than $1,000 for each day of violation and each act of violation.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2007, 80th Leg., R.S., Ch. 692 (H.B. 1795), Sec. 1, eff. June 15, 2007.|
TX Fin Code § 62.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.001. Application to Incorporate

Sec. 62.001.  APPLICATION TO INCORPORATE.  (a)  Five or more residents of this state may apply to incorporate an association by submitting to the commissioner an application and the filing fee.(b)  An application must contain:(1)  two copies of the association's articles of incorporation identifying:(A)  the name of the association;(B)  the location of the principal office;  and(C)  the names and addresses of the initial directors;(2)  two copies of the association's bylaws;(3)  data sufficiently detailed and comprehensive to enable the commissioner to make a determination under Section 62.007, including statements, exhibits, and maps;(4)  other information relating to the association and its operation that the finance commission by rule requires;  and(5)  financial information about each applicant, incorporator, director, or shareholder that the finance commission by rule requires.(c)  Financial information described by Subsection (b)(5) is confidential and not subject to public disclosure unless the commissioner finds that public disclosure is necessary.(d)  The articles of incorporation and statements of fact shall 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. 23, eff. Sept. 1, 2001.|
TX Fin Code § 62.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.002. Additional Incorporation Requirements for Capital Stock Association

Sec. 62.002.  ADDITIONAL INCORPORATION REQUIREMENTS FOR CAPITAL STOCK ASSOCIATION.  (a)  A capital stock association's articles of incorporation must include a statement of:(1)  the aggregate number of shares of common stock that the association may issue;(2)  the par value of each share or that the shares are without par value;(3)  whether the association may issue preferred stock;(4)  the amount of stock that has been subscribed and will be paid for before the association 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 association will begin business.(b)  Before approving the application of a capital stock association, the commissioner may require the association to have an aggregate amount of capital in the form of stock and paid-in surplus that the finance commission by rule specifies.(c)  The subscriptions for capital stock and paid-in surplus, less lawful expenditures, shall be returned pro rata to the subscribers if:(1)  the application is not approved;  or(2)  the association does not begin business.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.003. Additional Incorporation Requirements for Mutual Association

Sec. 62.003.  ADDITIONAL INCORPORATION REQUIREMENTS FOR MUTUAL ASSOCIATION.  (a)  A mutual association's articles of incorporation must include a statement of the amount of savings liability of the association and the amount of the expense fund with which the association will begin business.(b)  Before approving the articles of incorporation of a mutual association, the commissioner may require the association to have subscriptions for an aggregate amount of savings accounts and an expense fund in an aggregate amount that the commissioner, under rules of the finance commission, finds is necessary for the successful operation of the association.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.004. Approval of Managing Officer

Sec. 62.004.  APPROVAL OF MANAGING OFFICER.  (a)  An association may not begin business before:(1)  it presents to the commissioner the name and qualifications of its managing officer;  and(2)  the commissioner approves the managing officer.(b)  An applicant is not required at a hearing on the application to specify in the public record the name or qualifications of the managing officer of the association.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.005 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.005. Corporate Name

Sec. 62.005.  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.|
TX Fin Code § 62.006 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.006. Hearing on Application to Incorporate

Sec. 62.006.  HEARING ON APPLICATION TO INCORPORATE.  (a)  On the filing of a complete application to incorporate, the commissioner shall:(1)  issue public notice of the application;  and(2)  give any interested person an opportunity to appear, present evidence, and be heard for or against the application.(b)  A hearing officer designated by the commissioner shall preside over the hearing.(c)  The hearing officer shall file with the commissioner a report on the hearing.  The report must:(1)  specify findings of fact on each condition described by Section 62.007(a);  and(2)  identify the evidence that forms the basis for the findings.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.007 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.007. Decision on Application to Incorporate; Issuance of Certificate of Incorporation

Sec. 62.007.  DECISION ON APPLICATION TO INCORPORATE;  ISSUANCE OF CERTIFICATE OF INCORPORATION.  (a)  The commissioner may approve an application to incorporate only if the commissioner finds that:(1)  the prerequisites to incorporation required by this chapter are satisfied;(2)  the character, responsibility, and general fitness of each person named in the articles of incorporation command confidence and warrant belief that:(A)  the business of the association will be honestly and efficiently conducted in accordance with the intent and purpose of this subtitle;  and(B)  the association will have qualified full-time management;(3)  there is a public need for the association;(4)  the volume of business in the community in which the association will conduct its business indicates a profitable operation is probable;  and(5)  the operation of the association will not unduly harm an existing association.(b)  On finding that the requirements of Subsection (a) are fulfilled, the commissioner shall:(1)  enter an order approving the application and stating the findings required by Subsection (a);(2)  issue under official seal a certificate of incorporation;(3)  deliver a copy of the approved articles of incorporation and bylaws to the incorporators;  and(4)  permanently retain a copy of the articles and bylaws.(c)  On delivery of the certificate of incorporation to the incorporators, the association:(1)  is a corporate body with perpetual existence unless terminated by law;  and(2)  may exercise the powers of an association beginning on the date the commissioner certifies receipt of satisfactory proof that the association has received in cash and free of encumbrance:(A)  the required amount of the capital stock and paid-in surplus if the association is a capital stock association;  or(B)  the required amount of the savings liability and expense fund if the association is a mutual association.(d)  On denial of an application, the commissioner shall enter an order denying the application and include a written statement specifying the grounds for the denial.  The commissioner shall deliver by certified mail a copy of the order to the designated representative of the incorporators.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.008 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.008. Preference for Local Control

Sec. 62.008.  PREFERENCE FOR LOCAL CONTROL.  If an application to incorporate a new association that proposes to locate an office in a community is before the commissioner at the same time as an application to establish an additional office in the same community from an existing association and the principal office of the existing association is located in a county other than the county in which the community is located, the commissioner may give additional weight to the application of the applicant that has the greater degree of control vested in or held by residents of the community.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.009 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.009. Deadline for Commencing Business

Sec. 62.009.  DEADLINE FOR COMMENCING BUSINESS.  (a)  An association shall begin business not later than the first anniversary of the date the commissioner approves the association's application.(b)  On the request of the incorporators and for good cause shown, the commissioner may grant a reasonable extension of the deadline prescribed by Subsection (a).(c)  The commissioner may rescind the authority to operate of an association that does not begin business as required by this subtitle.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.010 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.010. Amendment of Articles of Incorporation or Bylaws

Sec. 62.010.  AMENDMENT OF ARTICLES OF INCORPORATION OR BYLAWS.  (a)  An association may amend its articles of incorporation or bylaws by a resolution adopted by a majority vote of those entitled to vote attending an annual meeting or a special meeting called for that purpose.(b)  An amendment may not take effect before it is filed with and approved by the commissioner.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.011 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter A. Incorporation in General|Section 62.011. Change of Office or Name

Sec. 62.011.  CHANGE OF OFFICE OR NAME.  (a)  Only with the prior approval of the commissioner may an association:(1)  establish an office other than the principal office stated in the association's articles of incorporation;(2)  move an office from its immediate vicinity;  or(3)  change the association's name.(b)  On request, the commissioner shall give a person who may be affected by an act described by Subsection (a) an opportunity to be heard.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.051 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter B. Incorporation to Reorganize or Merge|Section 62.051. Purpose of Incorporation

Sec. 62.051.  PURPOSE OF INCORPORATION.  A person may apply to incorporate an association for the purpose of:(1)  purchasing the assets, assuming the liabilities, excluding liability to stockholders, and continuing the business of an association the commissioner considers to be in an unsafe condition;  or(2)  acquiring an existing association by merger.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.052 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter B. Incorporation to Reorganize or Merge|Section 62.052. Incorporation Requirements

Sec. 62.052.  INCORPORATION REQUIREMENTS.  (a)  An application to incorporate an association under this subchapter must be submitted to the commissioner.(b)  The application must include information required by rule of the finance commission.(c)  The association must have capital in an amount set by the commissioner that is sufficient to carry out the purposes for which incorporation is requested.(d)  If the commissioner considers the association to be reorganized or merged to be in an unsafe condition:(1)  Chapter 2001, Government Code, does not apply to the application;  and(2)  the application and all information relating to the application are confidential and not subject to public disclosure.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 24, eff. Sept. 1, 2001.|
TX Fin Code § 62.053 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter B. Incorporation to Reorganize or Merge|Section 62.053. Decision on Application; Issuance of Certificate of Incorporation

Sec. 62.053.  DECISION ON APPLICATION;  ISSUANCE OF CERTIFICATE OF INCORPORATION.  (a)  The commissioner shall approve an application under this subchapter if the commissioner finds that:(1)  the business of the association that is to be reorganized or merged can be effectively continued under the articles of incorporation;  and(2)  the reorganization or merger is in the best interest of the general public and the savers, depositors, creditors, and shareholders of the association that is to be reorganized or merged.(b)  If the commissioner approves an application under Subsection (a), the commissioner shall:(1)  state findings under that subsection in writing;  and(2)  issue under official seal a certificate of incorporation.(c)  Notwithstanding Section 62.354, the commissioner may approve an application to incorporate under this subchapter if the commissioner:(1)  considers the association that is to be reorganized or merged to be in an unsafe condition;  and(2)  finds from the application and all information submitted with the application that the reorganization or merger is in the best interest of the general public and the savers, depositors, creditors, and shareholders of the association that is to be reorganized or merged.(d)  On issuance of the certificate of incorporation, the association:(1)  is a corporate body and a continuation of the former association, subject to all its liabilities, obligations, duties, and relations;  and(2)  may exercise the powers of an association.(e)  In a merger, a shareholder of a capital stock association has the same dissenter's rights as a shareholder of a domestic business corporation under the Texas Business Corporation Act.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.101 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter C. Administration|Section 62.101. Organizational Meeting

Sec. 62.101.  ORGANIZATIONAL MEETING.  (a)  Not later than the 30th day after the date the corporate existence of an association begins, the initial board shall hold an organizational meeting and elect officers and take other appropriate action to begin the business of the association.(b)  The commissioner for good cause shown by order may extend the deadline prescribed by Subsection (a).|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.102 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter C. Administration|Section 62.102. Board of Directors

Sec. 62.102.  BOARD OF DIRECTORS.  (a)  A board of not less than five or more than 21 directors shall direct the business of the association.  The members or shareholders shall periodically set the number of directors by a resolution adopted at an annual meeting or a special meeting called for that purpose.(b)  The members or shareholders shall elect the board by a majority vote at each annual meeting.(c)  The bylaws of a capital stock association may require all or a majority of the board to be elected from among the holders of the capital stock.(d)  A vacancy on the board is filled by the election by a majority vote of the remaining directors, regardless of whether a quorum exists, of a director to serve until the next annual meeting of the members or shareholders.  The remaining directors may continue to direct the association until the vacancy is filled.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 62.104 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle B - Savings and Loan Associations|Chapter 62 - Organizational and Financial Requirements|Subchapter C. Administration|Section 62.104. Officers

Sec. 62.104.  OFFICERS.  (a)  The officers of an association are:(1)  a president;(2)  one or more vice presidents;(3)  a secretary;  and(4)  other officers prescribed by the bylaws.(b)  The board shall elect the officers by a majority vote.(c)  The president must be a member of the board.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|