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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 63.007: RIGHT TO ACT TO AVOID LOSS.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS
  4. 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

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