On the issuance of a charter by the Office of the Comptroller of the Currency, the association:

1. (1) ceases to be an association incorporated under this subtitle; and
2. (2) is no longer subject to the supervision and control of the commissioner.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Acts 2013, 83rd Leg., R.S., Ch. 464 (S.B. 1008), Sec. 5, eff. September 1, 2013.