VACANCY
Known as the Texas Savings and Loan Supplemental Fund Act
The act spans §§ 273–273 (44 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
(a) The office of a director becomes vacant on the death, resignation, or removal of the director.
(b) A resignation must be presented to the commissioner or the board's presiding officer.
(c) A vacancy in the office of a director shall be filled for the unexpired term by majority vote of the remaining directors.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.