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

Tex. Finance Code § 66.316: CLOSING OF LIQUIDATION; ORDER AND LIABILITY.

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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 66. ENFORCEMENT AND REGULATION
  5. SUBCHAPTER G. LIQUIDATION

(a) The liquidating agent shall certify the completion of the liquidation to the commissioner, who shall then issue an order closing the liquidation.

(b) After the commissioner issues the order, the commissioner and the liquidating agent are discharged from any further duty or liability in connection with the administration of the association's affairs.

(c) After the closing order, a person does not have a claim, suit, or action against the commissioner or the liquidating agent, individually or in an official capacity, except a suit to recover an unclaimed deposit as provided by this subchapter.

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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