Tex. Fin. Code § 122.259 · Subchapter F. MISCONDUCT AND ENFORCEMENT
HEARING ON APPEAL OF PROPOSED ORDER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the credit union or a person removed from office or employment files a notice of appeal of a cease and desist order or a removal order, the commissioner shall set a time and place for the commission to hear the appeal in accordance with commission rules.
(b) The filing of an appeal does not suspend a removal order or cease and desist order.
(c) At the conclusion of the hearing, the commission may vacate, affirm, or modify the commissioner's order and may order that appropriate action be taken.
(d) A cease and desist order or a removal order is final on completion of an appeal or otherwise as provided by this subchapter.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.122.htm
- Text hash
- sha256 67616a0acfc23269377da3b26394c9bba076963957508088d22b4568fd2d200e
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.