Tex. Fin. Code § 62.252 · Subchapter F. CONVERSION OF FEDERAL ASSOCIATION OR STATE OR NATIONAL BANK TO STATE ASSOCIATION
ELECTION OF DIRECTORS; EXECUTION AND ACKNOWLEDGMENT OF APPLICATION AND BYLAWS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) At the meeting under Section 62.251(a), the members or shareholders shall elect the directors of the association.
(b) The directors shall execute two copies of the application required by Section 62.251.
(c) Each director of the association shall sign and acknowledge the application as a subscriber and the proposed bylaws as an incorporator.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm
- Text hash
- sha256 96e8a6efd5527d977be973376ccb7db4f751f553bc570362486f04b3f1b551ee
- 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
This section cites
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