Sec. 62.004. APPROVAL OF MANAGING OFFICER. (a) An association may not begin business before:
(1) it presents to the commissioner the name and qualifications of its managing officer; and
(2) the commissioner approves the managing officer.
(b) An applicant is not required at a hearing on the application to specify in the public record the name or qualifications of the managing officer of the association.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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