Texas Finance Code
§ 62.101 — ORGANIZATIONAL MEETING
FI § 62.101Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS · Art. C. ADMINISTRATION
Statute text
View on source(a)Not later than the 30th day after the date the corporate existence of an association begins, the initial board shall hold an organizational meeting and elect officers and take other appropriate action to begin the business of the association.
(b)The commissioner for good cause shown by order may extend the deadline prescribed by Subsection (a).
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.