Section 186.102 - Filing Resolutions With Banking Commissioner After resolutions to dissolve and liquidate a state trust company have been adopted by the board and shareholders or participants, a majority of the directors, managers, or managing participants shall verify and file with the banking commissioner certified copies of:
(1) the resolutions of the shareholders or participants that:(A) are adopted at a meeting for which proper notice was given or by unanimous written consent; and(B) approve the dissolution and liquidation of the state trust company;(2) the resolutions of the board approving the dissolution and liquidation of the state trust company if the trust company is operated by a board of directors or managers;(3) the notice to the shareholders or participants informing them of the meeting described by Subdivision (1)(A); and(4) a plan of liquidation.Amended By Acts 2007, 80th Leg., R.S., Ch. 735, Sec. 18, eff. 9/1/2007.Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. 9/1/1999.