Sec. 183.105. REQUIRED QUARTERLY BOARD MEETING. (a) The board of a state trust company shall hold at least one regular meeting each quarter.
(b) At each regular meeting the board shall review and approve the minutes of the preceding meeting and review the operations, activities, and financial condition of the state trust company. The board may designate committees from among its members to perform those duties and approve or disapprove the committees' reports at each regular meeting.
(c) All actions of the board must be recorded in its minutes.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Section: Previous 183.004 183.005 183.006 183.101 183.102 183.103 183.104 183.105 183.106 183.107 183.108 183.109 183.110 183.111 183.112 NextLast modified: September 28, 2016