Tex. Fin. Code § 126.103 · Subchapter C. CONSERVATORSHIP ORDER

EFFECT OF ORDER.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

Following service of a conservatorship order:

(1) the commissioner shall take possession and control of the credit union's books, records, property, assets, and business; and

(2) the credit union shall cease all operations except those authorized by the commissioner and conducted under the commissioner's supervision.

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.126.htm
Text hash: sha256 8abb3ce6e967ce3f4794f72a7bcc793619a8929ca424be8506f90df1307f3f76
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.