{"data":{"id":"us-tx/tex.-finance-code-186.102","jurisdiction":"us-tx","citation":"Tex. Finance Code § 186.102","heading":"FILING RESOLUTIONS WITH BANKING COMMISSIONER.","body":"After resolutions to dissolve and liquidate a state trust company have been adopted by the board and shareholders or participants, a majority of the directors, managers, or managing participants shall verify and file with the banking commissioner certified copies of:\n(1) the resolutions of the shareholders or participants that:\n(A) are adopted at a meeting for which proper notice was given or by unanimous written consent; and\n(B) approve the dissolution and liquidation of the state trust company;\n(2) the resolutions of the board approving the dissolution and liquidation of the state trust company if the trust company is operated by a board of directors or managers;\n(3) the notice to the shareholders or participants informing them of the meeting described by Subdivision (1)(A); and\n(4) a plan of liquidation.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 735 (H.B. 2754), Sec. 18, eff. September 1, 2007.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 186. DISSOLUTION AND RECEIVERSHIP","SUBCHAPTER B. VOLUNTARY DISSOLUTION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.186.htm#186.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"f5eb91ed83babb8732cde586915f81d2f5666a903f5e269cd6973477a3ae2311","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-186.101","next":"us-tx/tex.-finance-code-186.103"},"notice":"GroundRules: Original legal text. Not legal advice."}