Texas Finance Code 273.102 – Board of Directors
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(a) The board shall exercise the powers and manage the business and affairs of the corporation.
(b) The board consists of:
(1) the members of the Finance Commission of Texas; and
(2) six members elected by the member associations at an annual meeting.
Terms Used In Texas Finance Code 273.102
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.