7 Tex. Admin. Code § 21.73 - 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. Until a transaction is consummated, the banking commissioner may alter, suspend, or withdraw approval should an interim development warrant such action.

Notes

7 Tex. Admin. Code § 21.73

The provisions of this §21.73 adopted to be effective December 31, 1998, 23 TexReg 13033.