{"data":{"id":"us-tx/tex.-finance-code-126.455","jurisdiction":"us-tx","citation":"Tex. Finance Code § 126.455","heading":"VOTE ON VOLUNTARY LIQUIDATION.","body":"At a special meeting called to consider the proposed liquidation, a majority of the credit union members voting, but not less than a quorum, may vote to dissolve and liquidate the credit union. Those members casting votes by mail or at the meeting constitute a quorum for the transaction of business at the special meeting, notwithstanding a bylaw provision to the contrary.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 533, Sec. 53, eff. Sept. 1, 2003.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 19 (S.B. 244), Sec. 24, eff. September 1, 2013.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 126. CREDIT UNION SUPERVISION AND REGULATION","SUBCHAPTER J. VOLUNTARY LIQUIDATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.126.htm#126.455","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"a1bcd6834c30c27b0008eb2519ceee6ba127e5694e9eb15a71c3494a7c637949","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-126.454","next":"us-tx/tex.-finance-code-126.456"},"notice":"GroundRules: Original legal text. Not legal advice."}