Tex. Fin. Code § 126.455

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 126.455 - Vote on Voluntary Liquidation

At a special meeting called to consider the proposed liquidation, a majority of the credit union members voting, but not less than a quorum, may vote to dissolve and liquidate the credit union. Those members casting votes by mail or at the meeting constitute a quorum for the transaction of business at the special meeting, notwithstanding a bylaw provision to the contrary.

Tex. Fin. Code § 126.455

Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 19,Sec. 24, eff. 9/1/2013.
Amended by Acts 2003, 78th Leg., ch. 533, Sec. 53, eff. 9/1/2003.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.