Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) Management of a limited savings bank shall be exercised by a board of managers consisting of not fewer than five or more than 21 persons.
(b) A manager must meet the qualifications for a director under Section 92.153.
(c) The governing documents of a limited savings bank may use “director” instead of “manager” and “board” instead of “board of managers.”
Cite this article: FindLaw.com - Texas Finance Code - FIN § 92.604. Managers of Limited Savings Bank - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-92-604.html
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