(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."
Official text of the Texas Finance Code as published by the Texas Legislative Council.