Finance Code § 66.403
A loan promise or agreement made by an association before conservatorship or supervisory control is enforceable only if it is in writing, includes the material loan and repayment terms, is signed by an authorized officer or employee and the person it was made to, and is approved by the association’s board.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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corporate approvals enforceability loan commitments
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Finance Code § 66.403
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