Texas § FI.92.153 - QUALIFICATION OF DIRECTORS
Full text of Texas The Texas Constitution § FI.92.153 — QUALIFICATION OF DIRECTORS, with citation guidance and answers to common questions.
§ FI.92.153. QUALIFICATION OF DIRECTORS
QUALIFICATION OF DIRECTORS. (a) A person is not qualified to be a director of a savings bank if the person: (1) is less than 18 years of age; (2) has been adjudicated bankrupt or convicted of a criminal offense involving dishonesty or breach of trust, unless the commissioner gives the person prior written approval to be a director; (3) has a final judgment entered against the person for an amount of money that has remained unsatisfied or unsecured for more than six months after the date of the judgment's entry, unless: (A) the commissioner gives the person prior written approval to be a director; or (B) the judgment was satisfied of record more than one year before the election date; or (4) is a director, officer, or employee of another savings bank, unless the commissioner gives the person prior written approval to be a director. (b) The bylaws of a savings bank may prescribe other qualifications for a director. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.92.153
What does The Texas Constitution § FI.92.153 cover?
Section FI.92.153 ("QUALIFICATION OF DIRECTORS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.92.153?
A common citation format is "The Texas Constitution § FI.92.153" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.92.153 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.