{"data":{"id":"us-tx/tex.-finance-code-273.107","jurisdiction":"us-tx","citation":"Tex. Finance Code § 273.107","heading":"REMOVAL OF BOARD MEMBER.","body":"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:\n(1) maintain the standards for directors specified in the plan of operation; or\n(2) perform any required duty.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.273.htm#273.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"fd6e07bd5a705c7c0b8c480a520332412e775536dc899f02c82edc95d1bc36aa","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-273.106","next":"us-tx/tex.-finance-code-273.108"},"notice":"GroundRules: Original legal text. Not legal advice."}