Texas Finance Code § 62.004 Approval Of Managing Officer

Sec. 62.004. APPROVAL OF MANAGING OFFICER. (a) An association may not begin business before:

(1) it presents to the commissioner the name and qualifications of its managing officer; and

(2) the commissioner approves the managing officer.

(b) An applicant is not required at a hearing on the application to specify in the public record the name or qualifications of the managing officer of the association.

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

Section: Previous  62.001  62.002  62.003  62.004  62.005  62.006  62.007  62.008  62.009  62.010  62.011  62.051  62.052  62.053  62.101  Next

Last modified: September 28, 2016