{"data":{"id":"us-tx/tex.-finance-code-126.254","jurisdiction":"us-tx","citation":"Tex. Finance Code § 126.254","heading":"POSSESSION, CONSOLIDATION, AND DISPOSITION OF ASSETS.","body":"The liquidating agent shall:\n(1) receive and take possession of the books, records, assets, and property of the credit union;\n(2) sell, enforce collection of, and liquidate assets and property; and\n(3) sell or assign assets to the liquidating agent subject to Section 126.353.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.36, eff. Sept. 1, 1999.","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#126.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"562f3059b35f027520798b10dd7e7e776fabe6be7720cc087c14d1fb1b322b36","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-126.253","next":"us-tx/tex.-finance-code-126.255"},"notice":"GroundRules: Original legal text. Not legal advice."}