Sec. 273.202. TEMPORARY PLAN OF OPERATION. (a) The commissioner shall prepare and adopt a temporary plan of operation for organization of the corporation until the initial board is selected. The plan must include standards for membership in the corporation.
(b) The temporary plan remains in effect until the plan is:
(1) modified by the commissioner; or
(2) superseded by a plan of operation that is approved by the commissioner.
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 C. Operation of Corporation
Section 273.201. Plan of Operation; Amendment
Section 273.202. Temporary Plan of Operation
Section 273.203. Powers of Corporation
Section 273.204. Conditions Under Which Corporation May Exercise Powers and Duties
Section 273.205. Consideration for Assistance
Section 273.206. Cancellation of Membership
Section 273.207. Redemption of Securities
Section 273.208. Immunity From Liability