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Tex. Fin. Code § 273.202

TEMPORARY PLAN OF OPERATION

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 commissioner shall prepare and adopt a temporary plan of operation for organization of the corporation until the initial board is selected. The plan must include standards for membership in the corporation.

(b) The temporary plan remains in effect until the plan is:

(1) modified by the commissioner; or

(2) superseded by a plan of operation that is approved by the commissioner.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.