Sec. 126.452. NOTIFICATION TO COMMISSIONER OF PROPOSED LIQUIDATION. Not later than the fifth day after the date on which the board's resolution recommending voluntary dissolution is adopted, the board's presiding officer shall notify the commissioner in writing of the reasons for the proposed liquidation.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 126 - Credit Union Supervision and Regulation
Subchapter J. Voluntary Liquidation
Section 126.451. Board Resolution
Section 126.452. Notification to Commissioner of Proposed Liquidation
Section 126.453. Notice of Meeting to Liquidate
Section 126.454. Credit Union Operations Before and After Vote
Section 126.455. Vote on Voluntary Liquidation
Section 126.456. Notice to Commissioner of Affirmative Vote to Liquidate
Section 126.457. Appointment of Liquidating Agent
Section 126.458. Application of Law to Credit Union in Voluntary Liquidation