Texas Finance Code § 33.107 Limitation On Action Of Officer Or Employee In Relation To Asset Or Liability

Sec. 33.107. LIMITATION ON ACTION OF OFFICER OR EMPLOYEE IN RELATION TO ASSET OR LIABILITY. Unless expressly authorized by a resolution of the board recorded in its minutes, an officer or employee may not create or dispose of a bank asset or create or incur a liability on behalf of the bank.

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

Section: Previous  33.007  33.101  33.102  33.103  33.104  33.105  33.106  33.107  33.108  33.109  33.201  33.204  33.206  33.208  33.209  Next

Last modified: September 28, 2016