{"data":{"id":"us-tx/tex.-finance-code-126.103","jurisdiction":"us-tx","citation":"Tex. Finance Code § 126.103","heading":"EFFECT OF ORDER.","body":"Following service of a conservatorship order:\n(1) the commissioner shall take possession and control of the credit union's books, records, property, assets, and business; and\n(2) the credit union shall cease all operations except those authorized by the commissioner and conducted under the commissioner's supervision.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE D. CREDIT UNIONS","CHAPTER 126. CREDIT UNION SUPERVISION AND REGULATION","SUBCHAPTER C. CONSERVATORSHIP ORDER"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.126.htm#126.103","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"6e0e3f556e6ad35d2e8ea77a4a5ea345b2e61540defc2403fb0d94f8dbcf0e51","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-126.102","next":"us-tx/tex.-finance-code-126.105"},"notice":"GroundRules: Original legal text. Not legal advice."}