(a) A limited savings bank shall adopt a company agreement that contains provisions regulating the management and organization of the limited savings bank. The agreement is subject to the approval of the commissioner and must contain provisions the finance commission may require by a rule adopted under this subchapter.
(b) At the option of the limited savings bank, the term "bylaws" may be substituted for the term "company agreement."
Official text of the Texas Finance Code as published by the Texas Legislative Council.