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A BILL TO BE ENTITLED
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AN ACT
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relating to the appointment of honorary or advisory directors of a |
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credit union. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 122.056(a), Finance Code, is amended to |
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read as follows: |
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(a) The board may appoint not more than six [three] |
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individuals to serve at the board's pleasure as honorary or |
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advisory directors to advise and consult with the board and |
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otherwise aid the board in carrying out the board's duties and |
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responsibilities. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |