{"data":{"id":"us-tx/tex.-finance-code-273.111","jurisdiction":"us-tx","citation":"Tex. Finance Code § 273.111","heading":"QUORUM; VOTING.","body":"(a) A quorum of the board consists of not less than a majority of all directors, except that:\n(1) less than a majority of all directors may adjourn from time to time; and\n(2) a majority of directors holding office constitutes a quorum for filling a vacancy on the board.\n(b) Each member association is entitled to one vote on a matter at a meeting of the member associations, including the election of directors. The vote must be cast by a delegate authorized to act by that association.\n(c) A majority of the votes cast is required to elect a director or approve a question to be voted on by the directors.\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#273.111","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"69aa47ea6dc046eaa4081639f6350373155178ee6b2b86f46e8819b322e874b4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-273.110","next":"us-tx/tex.-finance-code-273.201"},"notice":"GroundRules: Original legal text. Not legal advice."}