Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
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 |
Sec. 273.104. TERM
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(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.