{"data":{"id":"us-tx/tex.-finance-code-62.252","jurisdiction":"us-tx","citation":"Tex. Finance Code § 62.252","heading":"ELECTION OF DIRECTORS; EXECUTION AND ACKNOWLEDGMENT OF APPLICATION AND BYLAWS.","body":"(a) At the meeting under Section 62.251(a), the members or shareholders shall elect the directors of the association.\n(b) The directors shall execute two copies of the application required by Section 62.251.\n(c) Each director of the association shall sign and acknowledge the application as a subscriber and the proposed bylaws as an incorporator.\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 F. CONVERSION OF FEDERAL ASSOCIATION OR STATE OR NATIONAL BANK TO STATE ASSOCIATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.62.htm#62.252","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"24442b94e514bd31f8520236d8d8b312ae30bd75b5f8e16b802d74c4bcaa4544","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-62.251","next":"us-tx/tex.-finance-code-62.253"},"notice":"GroundRules: Original legal text. Not legal advice."}