# 7 Tex. Admin. Code § 75.321: 7 TAC § 75.321. Investment in and Divestiture of Subsidiaries, DIVISION 2. SUBSIDIARIES

> Texas · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T7_P4_C75_S75_321

## Section

- **Citation:** 7 Tex. Admin. Code § 75.321
- **Heading:** 7 TAC § 75.321. Investment in and Divestiture of Subsidiaries, DIVISION 2. SUBSIDIARIES
- **Jurisdiction:** Texas
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Texas Administrative Code / Title 7 BANKING AND SECURITIES / Part 4 DEPARTMENT OF SAVINGS AND MORTGAGE LENDING / Chapter 75 SAVINGS BANKS / 7 TAC § 75.321

## Text

(a) A savings bank may, only after prior written approval
 of the Commissioner, invest in a subsidiary.
(b) Subsequent to obtaining approval for its initial
 investment and activity, a subsidiary may not engage in additional
 or substitute activities without the prior written approval of the
 Commissioner.
(c) A savings bank may, with prior written approval
 of the Commissioner, divest itself of a subsidiary or merge or consolidate
 the subsidiary with another company if the Commissioner finds that
 the terms and conditions of the transaction are in the best interests
 of the savings bank.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_TAC_T7_P4_C75_S75_321. Check the current official text before relying on it. Not legal advice.