Texas Finance Code 122.203 – Conversion of Federal or Out-of-State Credit Union to State Credit Union
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 122.203
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
A credit union organized under the laws of the United States or of another state may convert to a credit union organized under the laws of this state by complying with:
(1) the requirements of the jurisdiction under which the converting credit union is organized; and
(2) commission rules.