Texas Finance Code 273.106 – Vacancy
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(a) The office of a director becomes vacant on the death, resignation, or removal of the director.
(b) A resignation must be presented to the commissioner or the board’s presiding officer.
Terms Used In Texas Finance Code 273.106
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
(c) A vacancy in the office of a director shall be filled for the unexpired term by majority vote of the remaining directors.