126.456 – NOTICE TO COMMISSIONER OF AFFIRMATIVE VOTE TO
Texas Finance Code § 126.456
Summary
This law requires the presiding officer and secretary of a credit union to notify the commissioner within five days of an affirmative vote to liquidate the credit union. The notification must include a list of the credit union's officers and directors. This affects credit unions planning to dissolve and liquidate their operations.
Notification to the commissioner is required within five days.
Includes a list of officers and directors in the notice.
Applies to credit unions intending to liquidate.
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In simple terms: Learn about Texas's NOTICE TO COMMISSIONER OF AFFIRMATIVE VOTE TO law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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