Texas Finance Code - Section 126.455. Vote On Voluntary Liquidation
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Texas Laws > Finance Code > Texas Finance Code - Section 126.455. Vote On Voluntary Liquidation
§ 126.455. VOTE ON VOLUNTARY LIQUIDATION. At a special
meeting called to consider the proposed liquidation, a majority of
the credit union members, but not less than a quorum, may vote to
dissolve and liquidate the credit union. Those members casting
votes by mail or at the meeting constitute a quorum for the
transaction of business at the special meeting, notwithstanding a
bylaw provision to the contrary.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 2003, 78th Leg., ch. 533, § 53, eff. Sept. 1, 2003.
Section: 126.401 126.402 126.403 126.451 126.452 126.453 126.454 126.455 126.456 126.457 126.458 149.001 149.002 151.001 151.002
Last modified: August 11, 2007
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