{"data":{"id":"us-tx/tex.-finance-code-123.111","jurisdiction":"us-tx","citation":"Tex. Finance Code § 123.111","heading":"RIGHT TO ACT TO MITIGATE OR AVOID LOSS.","body":"This subtitle does not prohibit a credit union from investing its money, operating a business, managing or dealing in property, or taking any other action at any time that is reasonably necessary to avoid or mitigate a loss on a loan or on an investment made or obligation created in good faith and in the usual course of the credit union's business, as authorized by this subtitle or a rule adopted by the commission.\nAdded by Acts 2003, 78th Leg., ch. 533, Sec. 35, eff. Sept. 1, 2003.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 123. GENERAL POWERS","SUBCHAPTER B. OPERATIONAL POWERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.123.htm#123.111","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"1badbb0dc0608c73907fc50bc545dc971ee5c4ae47dd4d3fc57ff6694c808d54","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-123.110","next":"us-tx/tex.-finance-code-123.201"},"notice":"GroundRules: Original legal text. Not legal advice."}