Texas § 36.102 FILING RESOLUTIONS WITH BANKING COMMISSIONER.

Texas Statutes

§ 36.102 — FILING RESOLUTIONS WITH BANKING COMMISSIONER.

Texas·Code FI Finance Code

Sec. 36.102. FILING RESOLUTIONS WITH BANKING COMMISSIONER. 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.

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Sec. 36.102. FILING RESOLUTIONS WITH BANKING COMMISSIONER. 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.

Texas § 36.102 (FILING RESOLUTIONS WITH BANKING COMMISSIONER.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962 ), Sec. 50, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 735 (H.B. 2754 ), Sec. 9, eff. September 1, 2007.