Texas Finance Code

§ 126.456 — NOTICE TO COMMISSIONER OF AFFIRMATIVE VOTE TO LIQUIDATE

FI § 126.456Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 126. CREDIT UNION SUPERVISION AND REGULATION · Art. J. VOLUNTARY LIQUIDATION

Statute text

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(a)The board's presiding officer or president and the secretary shall notify the commissioner of the intention to liquidate not later than the fifth day after the affirmative vote to dissolve and liquidate.

(b)The person notifying the commissioner must include a list of the names and addresses of the credit union's officers and directors with the notice.

Legislative history

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