Tex. Finance Code § 92.602: LIABILITY OF MEMBERS AND MANAGERS.
Where this section sits in the code
- FINANCE CODE
- TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
- SUBTITLE C. SAVINGS BANKS
- CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS
- SUBCHAPTER M. LIMITED SAVINGS BANK
A member, transferee of a member, or manager of a limited savings bank is not liable for a debt, obligation, or liability of the limited savings bank, including a debt, obligation, or liability under a judgment, decree, or order of a court. A member or a manager of a limited savings bank is not a proper party to a proceeding by or against a limited savings bank unless the object of the proceeding is to enforce a member's or manager's right against or liability to a limited savings bank.
Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.15, eff. September 1, 2005.
Collected 2026-08-27T01:47:13Z. Source file · JSON