122.006 – DECISION ON APPLICATION TO INCORPORATE; ISSUANCE
Texas Finance Code § 122.006
Summary
This law outlines the process for approving applications to incorporate credit unions in Texas. It requires the commissioner to verify compliance with regulations and assess the suitability of the incorporators based on provided information and investigations.
Commissioner must approve applications for credit union incorporation.
Compliance with chapter rules is mandatory for approval.
Approval is based on character assessments and submitted evidence.
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In simple terms: Learn about Texas's DECISION ON APPLICATION TO INCORPORATE; ISSUANCE law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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