Texas Finance Code - Section 36.102. Filing Resolutions With Banking Commissioner
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Texas Lawyer > Finance Code > Texas Finance Code - Section 36.102. Filing Resolutions With Banking Commissioner
§ 36.102. FILING RESOLUTIONS WITH BANKING
COMMISSIONER. After resolutions to dissolve and liquidate a state
bank have been adopted by the bank's board and shareholders or
participants, a majority of the directors, managers, or managing
participants shall verify and file with the banking commissioner
duplicate certified copies of:
(1) the resolutions of the shareholders or
participants that:
(A) are adopted at a meeting for which proper
notice was given or by unanimous written consent; and
(B) approve the dissolution and liquidation of
the bank;
(2) the resolutions of the board approving the
dissolution and liquidation of the bank if the bank is operated by a
board of directors or managers; and
(3) a copy of the notice to the shareholders or
participants informing them of the meeting.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 35.213 36.001 36.002 36.003 36.004 36.005 36.101 36.102 36.103 36.104 36.105 36.106 36.107 36.108 36.109
Last modified: August 10, 2007
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