Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 92.158 - Voting Rights(a) The voting rights of a person entitled to vote at an annual or special meeting of a savings bank are the same as those of a shareholder of a domestic business corporation under the Texas Business Corporation Act.(b) The bylaws of a savings bank must specify the voting requirements, including quorum requirements, for conducting business at a meeting of the members or shareholders.(c) The bylaws of a savings bank must provide for the voting rights of the members or shareholders. The bylaws must provide the manner of computing the number of votes that a member or shareholder is entitled to cast. The bylaws of a capital stock savings bank may provide that only shareholders may vote.(d) Voting may be in person or by proxy. A proxy must be in writing and signed by the member or shareholder or the member's or shareholder's duly authorized attorney-in-fact and be filed with the secretary of the savings bank. Unless otherwise specified in the proxy, a proxy continues until: (1) a written revocation is delivered to the secretary; or(2) the proxy is superseded by a subsequent proxy. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.