{"data":{"id":"us-tx/tex.-finance-code-92.302","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.302","heading":"ELECTION OF DIRECTORS; EXECUTION AND ACKNOWLEDGMENT OF APPLICATION AND BYLAWS.","body":"(a) At the meeting under Section 92.301(a), the members or shareholders shall elect directors of the savings bank.\n(b) The directors, or the president and secretary, shall execute two copies of an application for certificate of incorporation as provided by Subchapter B.\n(c) Each director, or the president and secretary, shall sign and acknowledge the application for certificate of incorporation as a subscriber and shall sign and acknowledge the bylaws as an incorporator.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.13, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER G. CONVERSION OF OTHER FINANCIAL INSTITUTION TO SAVINGS BANK"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.302","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"6aa218f2e5c4f7a63df82b42396e4cba7dec551f969e144463f5fd578e97afa7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.301","next":"us-tx/tex.-finance-code-92.303"},"notice":"GroundRules: Original legal text. Not legal advice."}