Tex. Fin. Code § 63.007 · Chapter 63. GENERAL POWERS
RIGHT TO ACT TO AVOID LOSS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
This subtitle or another statute of this state does not deny an association the right to invest its money, operate a business, manage or deal in property, or take other action during any period that is reasonably necessary to avoid loss on a prior loan or investment or on an obligation created in good faith.
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.63.htm
- Text hash
- sha256 2047cdb3c34efde85845351316ed3e0bf968ccff5d9fdbe161f111556d256974
- 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.