Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 273.210 - Dissolution(a) The corporation may be dissolved on:(1) approval of the commissioner;(2) unanimous approval of the board; and(3) approval of two-thirds of the member associations.(b) The corporation may be dissolved if member associations are required to contribute to any fund similar to the corporation's primary account, other than a fund in which member associations pay premiums to the Federal Deposit Insurance Corporation for insurance of accounts.(c) The commissioner and the board shall establish procedures for dissolution. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.