Tex. Fin. Code § 126.155 · Subchapter D. ADMINISTRATION OF CONSERVATORSHIP
POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The conservator may take measures necessary to preserve, protect, and recover the assets or property of the credit union, including filing a lawsuit against any person.
(b) An asset or property of the credit union includes a claim or cause of action that belongs to or that may be asserted by the credit union.
(c) The conservator may deal with that property in the capacity of conservator.
(d) The conservator may file, prosecute, or defend a suit brought by or against the credit union if the conservator considers it necessary to protect the interested party or property affected by the suit.
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 dbe74caa6fe52131ad7a0119e20c2a78d9e9b48f06e2e4f0a6b4798f1d607205
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 126.155. Each shows the citation as that text prints it.
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.