Texas Finance Code 36.102 – Filing Resolutions With Banking Commissioner
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Finance Code 36.102
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
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.