Texas Finance Code

§ 273.103 — EXECUTIVE COMMITTEE

FI § 273.103Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES · Ch. 273. SAVINGS AND LOAN SUPPLEMENTAL FUND ACT · Art. B. ORGANIZATION OF CORPORATION

Statute text

View on source

(a)The plan of operation of the corporation may authorize the board to create an executive committee consisting of three or more directors.

(b)An act of the executive committee is as effective as an act of the board if the act is authorized by the plan of operation and is within the authority delegated to the committee.

Legislative history

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