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Texas Finance Code - FIN § 273.202. Temporary Plan of Operation

Current as of January 01, 2024 | Updated by Findlaw Staff

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(2) superseded by a plan of operation that is approved by the commissioner.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 273.202. Temporary Plan of Operation - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-273-202/

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