Tex. Fin. Code § 126.254 · Subchapter F. ADMINISTRATION OF LIQUIDATION
POSSESSION, CONSOLIDATION, AND DISPOSITION OF ASSETS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The liquidating agent shall:
(1) receive and take possession of the books, records, assets, and property of the credit union;
(2) sell, enforce collection of, and liquidate assets and property; and
(3) sell or assign assets to the liquidating agent subject to Section 126.353.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.36, eff. Sept. 1, 1999.
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 84cee4234f80c009cf1342be815995975677fd524daa323187504d259cd2144c
- 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
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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.