Texas Finance Code - Section 11.103. Removal Of Members
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§ 11.103. REMOVAL OF MEMBERS. (a) It is a ground for
removal from the finance commission that a member:
(1) does not have at the time of taking office the
qualifications required by Section 11.102;
(2) does not maintain during service on the finance
commission the qualifications required by Section 11.102;
(3) is ineligible for membership under Section 11.102
or 11.1021;
(4) cannot, because of illness or disability,
discharge the member's duties for a substantial part of the member's
term; or
(5) is absent from more than half of the regularly
scheduled finance commission meetings that the member is eligible
to attend during a calendar year without an excuse approved by a
majority vote of the finance commission.
(b) If the banking commissioner, savings and loan
commissioner, or consumer credit commissioner has knowledge that a
potential ground for removal exists, the banking commissioner,
savings and loan commissioner, or consumer credit commissioner
shall notify the presiding officer of the finance commission of the
potential ground. The presiding officer shall then notify the
governor and the attorney general that a potential ground for
removal exists. If the potential ground for removal involves the
presiding officer, the banking commissioner, savings and loan
commissioner, or consumer credit commissioner shall notify the next
highest ranking officer of the finance commission, who shall then
notify the governor and the attorney general that a potential
ground for removal exists.
(c) The validity of an action of the finance commission is
not affected by the fact that it was taken when a ground for removal
of a member of the finance commission existed.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 2001, 77th Leg., ch. 867, § 5, eff. Sept. 1, 2001.
Section: 1.002 1.003 11.001 11.002 11.101 11.102 11.1021 11.103 11.104 11.105 11.106 11.107 11.108 11.109 11.110
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Last modified: August 10, 2007
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