Sec. 183.105. REQUIRED QUARTERLY BOARD MEETING. (a) The board of a state trust company shall hold at least one regular meeting each quarter.
(b) At each regular meeting the board shall review and approve the minutes of the preceding meeting and review the operations, activities, and financial condition of the state trust company. The board may designate committees from among its members to perform those duties and approve or disapprove the committees' reports at each regular meeting.
(c) All actions of the board must be recorded in its minutes.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 183 - Ownership and Management of State Trust Company
Subchapter B. Board and Officers
Section 183.101. Voting Securities Held by Trust Company
Section 183.103. Board of Directors, Managers, or Managing Participants
Section 183.104. Advisory Director or Advisory Manager
Section 183.105. Required Quarterly Board Meeting
Section 183.107. Limitation on Action of Officer or Employee in Relation to Asset or Liability
Section 183.108. Certain Criminal Offenses
Section 183.109. Transactions With Management and Affiliates
Section 183.110. Fiduciary Responsibility
Section 183.111. Recordkeeping