Tex. Finance Code § 63.007: RIGHT TO ACT TO AVOID LOSS.
Where this section sits in the code
- FINANCE CODE
- TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
- SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS
- CHAPTER 63. GENERAL POWERS
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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Collected 2026-08-27T01:47:13Z. Source file · JSON