(a) The bank or savings bank shall file with the commissioner:
- (1) a copy of the charter issued to the bank or savings bank by the appropriate financial institution regulatory agency; or
- (2) a certificate showing the organization of the bank or savings bank as a financial institution, certified by the secretary or assistant secretary of the appropriate financial institution regulatory agency.
- (b) Failure to file the charter or certificate with the commissioner does not affect the validity of the conversion.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.