GroundRules
← Search the law
Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 126.251: PERMISSIBLE ACTIVITIES IN LIQUIDATION.

Read at publisher ↗
Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE D. CREDIT UNIONS
  4. CHAPTER 126. CREDIT UNION SUPERVISION AND REGULATION
  5. SUBCHAPTER F. ADMINISTRATION OF LIQUIDATION

(a) A credit union in liquidation continues in existence to discharge debts, collect and distribute assets, and wind up the credit union's business.

(b) The credit union may sue and be sued to enforce debts and obligations until its affairs are fully adjusted.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

Browse this collection