Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 7. BANKING AND SECURITIES |
PART 6. CREDIT UNION DEPARTMENT |
CHAPTER 91. CHARTERING, OPERATIONS, MERGERS, LIQUIDATIONS |
SUBCHAPTER N. EMERGENCY OR PERMANENT CLOSING OF OFFICE OR OPERATION |
SECTION 91.5005. Permanent Closing of an Office
Latest version.
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A credit union may permanently close any of its established offices or service facilities. The credit union shall provide notice to its members and the department no later than 60 days prior to the proposed closing. The credit union shall also post a notice to members in a conspicuous manner on the premises of the effected office or service facility and the homepage of the credit union's website and any social media pages at least 30 days prior to the proposed closing.
Source Note: The provisions of this §91.5005 adopted to be effective March 13, 2006, 31 TexReg 1649; amended to be effective March 29, 2018, 43 TexReg 1838