All codes › Finance Code › Title 3

Chapter 122

Organizational and Financial Requirements

Subchapter A. Incorporation Requirements

122.001 Application to Incorporate 122.002 Standard Articles of Incorporation and Bylaws 122.003 Corporate Name; Criminal Penalty 122.004 Investigation by Commissioner 122.005 Procedure for Certain Approvals 122.006 Decision on Application to Incorporate; Issuance of Certificate 122.007 Appeal to Commission 122.008 Effect of Issuance of Certificate of Incorporation 122.009 Requirements for Commencing Business 122.010 Deadline for Commencing Business 122.011 Amendment of Articles of Incorporation or Bylaws 122.012 Place of Business 122.013 Foreign Credit Unions 122.0131 Temporary Foreign Credit Union Office 122.014 Underserved-Area Credit Union

Subchapter B. Administration

122.051 Membership 122.052 Meetings of Members; Voting 122.053 Board of Directors; Terms and Duties 122.054 Qualification of Directors 122.055 Vacancies; Removal 122.056 Honorary or Advisory Directors 122.057 Officers; Executive Committee 122.058 Chief Executive Officer 122.059 Delegation of Management and Loan Approval Authority 122.060 Certificate of Election 122.061 Conflicts of Interest 122.062 Compensation 122.063 Bond 122.064 Indemnification

Subchapter C. Operations and Finances

122.101 Call Reports 122.102 Financial Reporting; Audits 122.103 Equity Capital 122.104 Net Worth Reserve Allocations 122.105 Membership Share Reduction 122.106 Exemption from Certain Taxes 122.107 Notice of Availability of Certain Documents

Subchapter D. Merger or Consolidation

122.151 Authority to Merge or Consolidate 122.152 Application to Merge or Consolidate 122.153 Decision by Commissioner; Appeal 122.1531 Considerations in Determination 122.154 Property, Obligations, and Liabilities of Merged or Consolidated Credit Union 122.155 Construction of Subchapter 122.156 Rules to Address Certain Procedures

Subchapter E. Conversion

122.201 Conversion of State Credit Union to Federal Credit Union 122.202 Conversion of State Credit Union to Out-of-State Credit Union 122.203 Conversion of Federal or Out-of-State Credit Union to State Credit Union

Subchapter F. Misconduct and Enforcement

122.251 Defamation 122.252 Consideration for Loan, Investment, or Purchase 122.253 Loan to Nonmember 122.254 False Statements or Documents; Destruction of Records 122.255 Determination of Misconduct 122.256 Determination Letter; Board Meeting 122.257 Cease and Desist Order for Credit Unions 122.2575 Cease and Desist Order for Other Persons 122.258 Removal Order 122.259 Hearing on Appeal of Proposed Order 122.260 Administrative Penalty; Injunction 122.261 Confidentiality