Sec. 273.104. TERM. (a) An elected director serves a two-year term and continues to serve until a successor has been elected and qualified.
(b) Of the original board who represent the member associations, three directors shall be elected for two-year terms, and the other three directors shall be elected for one-year terms.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle Z - Miscellaneous Provisions Relating to Financial Institutions and Businesses
Chapter 273 - Savings and Loan Supplemental Fund Act
Subchapter B. Organization of Corporation
Section 273.101. Creation of and Membership in Corporation
Section 273.102. Board of Directors
Section 273.103. Executive Committee
Section 273.105. Board Officers and Personnel
Section 273.107. Removal of Board Member
Section 273.108. Conflict of Interest