Tex.
Fin. Code 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the proxy is superseded by a subsequent proxy.
Source:
Section 92.158 — Voting Rights, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.158 (accessed Jun. 5, 2024).
