Texas Finance Code

§ 36.102 — FILING RESOLUTIONS WITH BANKING COMMISSIONER

FI § 36.102Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 36. DISSOLUTION AND RECEIVERSHIP · Art. B. VOLUNTARY DISSOLUTION

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After resolutions to dissolve and liquidate a state bank have been adopted by the bank's board and shareholders, a majority of the directors shall verify and file with the banking commissioner certified copies of:

(1)the resolutions of the shareholders 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 bank;

(2)the resolutions of the board approving the dissolution and liquidation of the bank; and

(3)the notice to the shareholders informing them of the meeting. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by:

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 50, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 735 (H.B. 2754), Sec. 9, eff. September 1, 2007.