Finance Code § 36.101
A state bank may begin voluntary dissolution and surrender its charter if it gets banking commissioner approval, follows the required board and shareholder approval rules, and files the required documents. Shareholders must appoint a liquidating agent or committee, which must conduct the liquidation under the board’s s
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
A state bank may begin voluntary dissolution and surrender its charter if it gets banking commissioner approval, follows the required board and shareholder approval rules, and files the required documents. Shareholders must appoint a liquidating agent or committee, which must conduct the liquidation under the board’s supervision, and the board must require a suitable bond.
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Finance Code § 36.101
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