Texas Finance Code 66.251 – Closing of Association by Board Resolution
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Terms Used In Texas Finance Code 66.251
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
An association’s board, by resolution and with the commissioner’s consent, may close the association and tender to the commissioner for disposition as provided by this subchapter the assets and all the affairs of the association.