Sec. 33.107. LIMITATION ON ACTION OF OFFICER OR EMPLOYEE IN RELATION TO ASSET OR LIABILITY. Unless expressly authorized by a resolution of the board recorded in its minutes, an officer or employee may not create or dispose of a bank asset or create or incur a liability on behalf of the bank.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 33 - Ownership and Management of State Bank
Subchapter B. Board and Officers
Section 33.101. Voting Securities Held by Bank
Section 33.103. Board of Directors
Section 33.104. Advisory Director
Section 33.105. Required Monthly Board Meeting
Section 33.107. Limitation on Action of Officer or Employee in Relation to Asset or Liability