Texas Finance Code 126.452 – Notification to Commissioner of Proposed Liquidation
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Terms Used In Texas Finance Code 126.452
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
Not later than the fifth day after the date on which the board’s resolution recommending voluntary dissolution is adopted, the board’s presiding officer shall notify the commissioner in writing of the reasons for the proposed liquidation.