(a) The new financial institution shall file with the commissioner:
- (1) a copy of the charter issued to the new financial institution by the appropriate banking agency; or
- (2) the certificate showing the organization of the new financial institution, certified by the secretary or assistant secretary of the appropriate banking 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.