Tex. Fin. Code § 186.102 · Subchapter B. VOLUNTARY DISSOLUTION
FILING RESOLUTIONS WITH BANKING COMMISSIONER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
After resolutions to dissolve and liquidate a state trust company have been adopted by the board and shareholders or participants, a majority of the directors, managers, or managing participants shall verify and file with the banking commissioner 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 state trust company;
(2) the resolutions of the board approving the dissolution and liquidation of the state trust company if the trust company is operated by a board of directors or managers;
(3) the notice to the shareholders or participants informing them of the meeting described by Subdivision (1)(A); and
(4) a plan of liquidation.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 735 (H.B. 2754), Sec. 18, eff. September 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.186.htm
- Text hash
- sha256 886f906055a67bf2c9ce50cb58a00084e37600733b3afdd43f1ba3244afd2798
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 3 provisions
Provisions in this library whose text cites Tex. Fin. Code § 186.102. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.