Tex. Educ. Code Section 57.011
Status of Texas Guaranteed Student Loan Corporation

(a)

The Texas Guaranteed Student Loan Corporation is converted as provided by this section from a public nonprofit corporation to a nonprofit corporation under Chapter 22 (Nonprofit Corporations), Business Organizations Code.

(b)

On or immediately after September 1, 2013, to effectuate the conversion under Subsection (a), the corporation shall file a certificate of formation with the secretary of state or, if the secretary of state determines it appropriate, the corporation shall file a certificate of conversion under Chapter 10 (Mergers, Interest Exchanges, Conversions, and Sales of Assets), Business Organizations Code.

(c)

The corporation as converted under this section continues in existence uninterrupted from the date of its creation, August 27, 1979. The secretary of state shall recognize the continuous existence of the corporation from that date in the certificate of formation or certificate of conversion, as applicable.

(d)

The corporation continues to serve as the designated guaranty agency for the State of Texas under the Higher Education Act of 1965 (20 U.S.C. Section 1001 et seq.).

(e)

Student loan borrower information collected, assembled, or maintained by the corporation is confidential and is not subject to public disclosure.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1155 (S.B. 215), Sec. 22, eff. September 1, 2013.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 943 (S.B. 1799), Sec. 2, eff. June 15, 2017.

Source: Section 57.011 — Status of Texas Guaranteed Student Loan Corporation, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­57.­htm#57.­011 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 57.011’s source at texas​.gov