Sec. 273.106. VACANCY. (a) The office of a director becomes vacant on the death, resignation, or removal of the director.
(b) A resignation must be presented to the commissioner or the board's presiding officer.
(c) A vacancy in the office of a director shall be filled for the unexpired term by majority vote of the remaining directors.
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