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

Tex. Finance Code § 92.610: AMENDMENT OF GOVERNING DOCUMENTS.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE C. SAVINGS BANKS
  4. CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS
  5. SUBCHAPTER M. LIMITED SAVINGS BANK

(a) A limited savings bank may amend its certificate of formation by a majority vote of the members cast at any annual meeting or a special meeting called for that purpose unless the certificate of formation requires a higher percentage.

(b) If provided in the governing documents, the company agreement of a limited savings bank may be amended by a majority vote of the board of managers unless the governing documents require a higher percentage. In the absence of an express provision in the governing documents, the company agreement may be amended by a majority vote of the members cast at any annual meeting or special meeting called for that purpose.

(c) An amendment to the governing documents may not take effect before it is filed with and approved by the commissioner.

Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.15, eff. September 1, 2005.

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

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