Texas Finance Code 92.062 – Amendment of Articles of Incorporation or Bylaws
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(a) A savings bank may amend its articles of incorporation or bylaws by a resolution adopted by a majority vote of those entitled to vote attending an annual meeting or a special meeting called for that purpose.
(b) An amendment may not take effect before it is filed with and approved by the commissioner.
Terms Used In Texas Finance Code 92.062
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.