Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 273.107: REMOVAL OF BOARD MEMBER.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES
CHAPTER 273. SAVINGS AND LOAN SUPPLEMENTAL FUND ACT
SUBCHAPTER B. ORGANIZATION OF CORPORATION

The board may remove an elected director from office by a two-thirds majority vote at a meeting called for that express purpose because the director has failed to:

(1) maintain the standards for directors specified in the plan of operation; or

(2) perform any required duty.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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