{"data":{"id":"us-tx/tex.-finance-code-126.251","jurisdiction":"us-tx","citation":"Tex. Finance Code § 126.251","heading":"PERMISSIBLE ACTIVITIES IN LIQUIDATION.","body":"(a) A credit union in liquidation continues in existence to discharge debts, collect and distribute assets, and wind up the credit union's business.\n(b) The credit union may sue and be sued to enforce debts and obligations until its affairs are fully adjusted.\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 F. ADMINISTRATION OF LIQUIDATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.126.htm#126.251","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"2511782bbd98d35e39414f3511b5637c77e68247df5861fc191625b06f3b840e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-126.206","next":"us-tx/tex.-finance-code-126.252"},"notice":"GroundRules: Original legal text. Not legal advice."}