Tex. Finance Code § 62.252
This is the official text of Tex. Finance Code § 62.252, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 62.252. ELECTION OF DIRECTORS; EXECUTION AND ACKNOWLEDGMENT OF APPLICATION AND BYLAWS.
Official statutory text
(a) At the meeting under Section 62.251(a), the members or shareholders shall elect the directors of the association.
(b) The directors shall execute two copies of the application required by Section 62.251.
(c) Each director of the association shall sign and acknowledge the application as a subscriber and the proposed bylaws as an incorporator.
(b) The directors shall execute two copies of the application required by Section 62.251.
(c) Each director of the association shall sign and acknowledge the application as a subscriber and the proposed bylaws as an incorporator.
Status: in_force · Read it on the official government site
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