Tex. Finance Code § 273.103
This is the official text of Tex. Finance Code § 273.103, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 273.103. EXECUTIVE COMMITTEE.
Official statutory text
(a) The plan of operation of the corporation may authorize the board to create an executive committee consisting of three or more directors.
(b) An act of the executive committee is as effective as an act of the board if the act is authorized by the plan of operation and is within the authority delegated to the committee.
(b) An act of the executive committee is as effective as an act of the board if the act is authorized by the plan of operation and is within the authority delegated to the committee.
Status: in_force · Read it on the official government site
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