{"data":{"id":"us-tx/tex.-finance-code-92.153","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.153","heading":"QUALIFICATION OF DIRECTORS.","body":"(a) A person is not qualified to be a director of a savings bank if the person:\n(1) is less than 18 years of age;\n(2) has been adjudicated bankrupt or convicted of a criminal offense involving dishonesty or breach of trust, unless the commissioner gives the person prior written approval to be a director;\n(3) has a final judgment entered against the person for an amount of money that has remained unsatisfied or unsecured for more than six months after the date of the judgment's entry, unless:\n(A) the commissioner gives the person prior written approval to be a director; or\n(B) the judgment was satisfied of record more than one year before the election date; or\n(4) is a director, officer, or employee of another savings bank, unless the commissioner gives the person prior written approval to be a director.\n(b) The bylaws of a savings bank may prescribe other qualifications for a director.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER D. ADMINISTRATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.153","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"05b5a2efcd64b6a8be756214f1624365c1476087a44b78443fe91a4d778f1d49","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.152","next":"us-tx/tex.-finance-code-92.154"},"notice":"GroundRules: Original legal text. Not legal advice."}