Form CORP-T15 "Application for Acquisition of Control" - Texas

What Is Form CORP-T15?

This is a legal form that was released by the Texas Department of Banking - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on September 1, 2018;
  • The latest edition provided by the Texas Department of Banking;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form CORP-T15 by clicking the link below or browse more documents and templates provided by the Texas Department of Banking.

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Download Form CORP-T15 "Application for Acquisition of Control" - Texas

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APPLICATION INFORMATION
APPLICATION FOR ACQUISITION OF CONTROL
I.
APPLICANT INFORMATION
________________________________________________________ _____________________
Name of Applicant
Charter Number
______________________________________________________________________________
Street Address
_________________________ _________________________ _____________ _____________
City
County
State
Zip Code
______________________________________________________________________________
Website Address
II.
TARGET INFORMATION
________________________________________________________ _____________________
Name of Target/Resultant Entity
Charter Number
______________________________________________________________________________
Street Address
_________________________ _________________________ _____________ _____________
City
County
State
Zip Code
______________________________________________________________________________
Website Address
III.
CONTACT INFORMATION
_________________________________________ ____________________________________
Name of Contact Person
Title
______________________________________________________________________________
Street Address
_________________________ _________________________ _____________ _____________
City
County
State
Zip Code
_________________________________________ ____________________________________
Phone Number
Email Address
CORP-T15 (9/18)
Texas Department of Banking
1
APPLICATION INFORMATION
APPLICATION FOR ACQUISITION OF CONTROL
I.
APPLICANT INFORMATION
________________________________________________________ _____________________
Name of Applicant
Charter Number
______________________________________________________________________________
Street Address
_________________________ _________________________ _____________ _____________
City
County
State
Zip Code
______________________________________________________________________________
Website Address
II.
TARGET INFORMATION
________________________________________________________ _____________________
Name of Target/Resultant Entity
Charter Number
______________________________________________________________________________
Street Address
_________________________ _________________________ _____________ _____________
City
County
State
Zip Code
______________________________________________________________________________
Website Address
III.
CONTACT INFORMATION
_________________________________________ ____________________________________
Name of Contact Person
Title
______________________________________________________________________________
Street Address
_________________________ _________________________ _____________ _____________
City
County
State
Zip Code
_________________________________________ ____________________________________
Phone Number
Email Address
CORP-T15 (9/18)
Texas Department of Banking
1
APPLICATION FOR ACQUISITION OF CONTROL
NOTE: As used in this document, "person" includes an individual, two (2) or more individuals
acting in concert, any type of partnership, corporation, syndicate, trust, or any other
organization, or any combination of the foregoing, and the information required in this
application is required of each member of the group.
The following information must be addressed in each Application for Acquisition of Control:
1.
Number of shares involved in the proposed transaction.
2.
If a broker has been used in t he purchase or sale of the stock, give name, address, and
fee paid.
3.
Names of proposed seller (transferors) or any person proposing to relinquish voting
securities. Include total listing and price paid per share to each.
4.
Names, addresses, and telephone numbers, both business and residential, of proposed
purchasers (transferees) or any person proposing to acquire voting securities, and
number of shares or beneficial interest of e ach person.
5.
The identity, personal history, business background, and experience of each person
proposing to acquire voting securities: include future prospects for changes in financial
and/or personal status.
6.
If any party other than applicant will have an interest in the stock or voting power,
whether as beneficiary of a trust, or otherwise, list names and addresses of each.
7.
The amount of salaries, fees, dividends, and other compensation that the new owners
plan to take from the trust company.
8.
Detail all material pending or adjudicated legal or administrative proceedings in which
any person acquiring voting securities is or was a party.
9.
Provide the terms and conditions of any proposal, offer, invitation, agreement, or
arrangement under which any voting securities will be acquired, and the manner in
which the acquisition or change of control is to be made.
10.
Provide the identity, source, and amount of the funds or other consideration used or to
be used in making the acquisition or change of control.
11.
If any part of the above described funds or other consideration has been or is to be
borrowed, attach a detailed description of the transaction, give the names of the
parties, the repayment terms of the note(s), the rate of interest charged, list all
collateral involved and the names in which such collateral is vested, and all
arrangements, agreements, understandings, and contracts involving such persons and
affecting such securities or financing. Detail the source of income to service debt. (This
includes any assumption agreements, options, buy-sell agreements, or voting trust
agreements, or compensating balance arrangements.)
CORP-T15 (9/18)
Texas Department of Banking
2
12.
Provide any plans or proposals for which any person acquiring voting securities may have
to: (a) liquidate the trust company, (b) sell its assets or merge it with any company, (c)
change the business or corporate structure, (d) change the location of the trust company,
(e) make changes in or additions to management (including directors, officers, or any
persons, regardless of title, who exert influence in management decisions); or (f) make
major changes to the trust company’s current Strategic Plan.
13.
If the proposed acquisition of control will result in the applicant(s) acquiring a majority
ownership interest (greater than 50%) in the trust company, then attach a pro forma
financial statement with projections indicating whether the acquired or controlled trust
company will be adequately capitalized for a period of not less than two years from the
date of acquisition.
14.
Any other information necessary for the Banking Commissioner to make a fully informed
decision.
CORP-T15 (9/18)
Texas Department of Banking
3
I hereby certify under penalty of perjury that I am acting on my behalf, and that the foregoing
statements are true and correct.
Dated and signed on ________________________________.
___________________________________
(Signature)
___________________________________
(Name)
STATE OF TEXAS
COUNTY OF __________________
Personally appeared before me the above named, ___
________________________________,
personally known to me, who, being duly sworn, deposes and says that he/she executed the
above instrument and that the statements and answers contained therein are true and correct.
Subscribed and sworn to before me on ______________________________.
________________________________________
(Signature of Notary Public)
________________________________________
(Name of Notary Public)
My Commission expires: ___________________
CORP-T15 (9/18)
Texas Department of Banking
4
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