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Texas Finance Code - Section 92.151. Organizational Meeting

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 92.151. Organizational Meeting

§ 92.151. ORGANIZATIONAL MEETING.  (a) Not later than the 
30th day after the date the corporate existence of a savings bank 
begins, the initial board shall hold an organizational meeting and 
elect officers and take other appropriate action to begin the 
business of the savings bank.
	(b)  For good cause shown, the commissioner by order may 
extend the deadline prescribed by Subsection (a).

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007