ARTICLES OF INCORPORATION - Cud.texas.gov

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ARTICLES OF INCORPORATIONPursuant to the provisions of Chapter 122, Subchapter A, of the Texas Finance Code, theundersigned adopt the following Articles of Incorporation for the purpose of convertingthe Federal Credit Union from a corporation authorizedto transact business as a credit union under the laws of the United States to a corporationauthorized to transact business as a credit union under the laws of the State of Texas:FIRSTThe name of such Credit Union shall be:.SECONDThe domicile of such Credit Union shall be:, County, Texas.THIRDThe corporation is organized for the purpose of transacting the business of a credit unionpursuant to and as defined by the laws of the State of Texas.FOURTHThe capital of such corporation shall be unlimited and shall be divided into shares of a parvalue of 5.00 each, or multiples thereof.1

FIFTHMembers of such Credit Union shall be shareholders therein and shall possess thefollowing definable community of interest:and members of the family of such persons. “Member of the Family” shall be at specifiedby the Board of Directors in written policy.SIXTHThe number of directors constituting the initial Board of Directors is . The namesand addresses of the persons duly elected as directors by the members of the Credit Unionwhile operating under Federal charter, and who are to continue to serve as directors untilthe next annual meeting of the shareholders or until their successors are elected andqualified, are as follows:ARTICLES OF INCORPORATION (Conversion)NAMEADDRESS2

SEVENTHThe names and addresses of the persons duly elected/appointed as members of thesupervisory committee by the Credit Union while operating under Federal charter, andwho will continue to serve as members of the committee until the next annual meeting ofthe shareholders or until their successors are appointed, are as follows:NAMEADDRESSEIGHTHThe corporation shall be vested with all of the assets and shall be responsible for all of theobligations and liabilities of said Federal Credit Union from and after the date of approvalof the conversion thereof, the same as if the conversion had not occurred, and the interestsof the shareholders in the corporation shall be the same, proportionately, after approval ofthe conversion as before.NINTHThe corporation shall exist and be in force perpetually.3

WITNESS OUR HANDS this the day of , 20 .4

STATE OF TEXAS)()(COUNTY OF)(BEFORE ME, the undersigned authority, on this day personally appeared:NAME (Type or Print)Address (Type or Print)Known to me to be the persons whose names are subscribed to the following instrument,and each acknowledged to me that he executed the same for the purposes and considerationtherein expressed.Given under my hand and seal this day of , 20 .Notary Public in and forCounty, Texas.5

APPROVALApproved this the day of , 20 .CreditUnion Commissioner6

ARTICLES OF INCORPORATION. Pursuant to the provisions of Chapter 122, Subchapter A, of the Texas Finance Code, the undersigned adopt the following Articles of Incorporation for the purpose of converting the _ Federal Credit Union from a corporation authorized to transact business as a credit union under the laws of the United States to a .