Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 92.153 - 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. 9/1/1997.