Texas Finance Code 273.103 – Executive Committee
Current as of: 2024 | Check for updates
|
Other versions
(a) The plan of operation of the corporation may authorize the board to create an executive committee consisting of three or more directors.
(b) An act of the executive committee is as effective as an act of the board if the act is authorized by the plan of operation and is within the authority delegated to the committee.
Terms Used In Texas Finance Code 273.103
- 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.