{"data":{"id":"us-tx/tex.-finance-code-62.101","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.101","heading":"ORGANIZATIONAL MEETING.","body":"(a) Not later than the 30th day after the date the corporate existence of an association begins, the initial board shall hold an organizational meeting and elect officers and take other appropriate action to begin the business of the association.\n(b) The commissioner for good cause shown by order may extend the deadline prescribed by Subsection (a).\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 62. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER C. ADMINISTRATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.101","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"990005dddddf98e338a0d529eceb770383e4326cadc42e5fd6a4365e4fc1317b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.053","next":"us-tx/tex.-finance-code-62.102"},"notice":"GroundRules: Original legal text. Not legal advice."}