SECTION 15.114. Consummation of a Transaction

A transaction under this subchapter must be consummated as proposed in the application, in the agreement concerning conditional approval, or as provided in a final order. An approved transaction under this subchapter must be consummated within 12 months after the date of approval by the banking commissioner unless an extension is granted in writing. If an interim development warrants it, the banking commissioner may alter, suspend, or withdraw approval until a transaction is consummated.

Source Note: The provisions of this §15.114 adopted to be effective September 15, 1997, 22 TexReg 8948; amended to be effective January 7, 2004, 29 TexReg 80