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2025 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle C - Savings Banks
Chapter 92 - Organizational and Financial Requirements
Subchapter D. Administration
Section 92.151. Organizational Meeting
Universal Citation:
TX Fin Code § 92.151 (2025)
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Sec. 92.151. ORGANIZATIONAL MEETING. (a) Not later than the 30th day after the date the corporate existence of a savings bank begins, the initial board shall hold an organizational meeting and elect officers and take other appropriate action to begin the business of the savings bank.
(b) For good cause shown, the commissioner by order may extend the deadline prescribed by Subsection (a).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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