{"data":{"id":"us-tx/tex.-finance-code-63.007","jurisdiction":"us-tx","citation":"Tex. Finance Code § 63.007","heading":"RIGHT TO ACT TO AVOID LOSS.","body":"This subtitle or another statute of this state does not deny an association the right to invest its money, operate a business, manage or deal in property, or take other action during any period that is reasonably necessary to avoid loss on a prior loan or investment or on an obligation created in good faith.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 63. GENERAL POWERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.63.htm#63.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"1145be9403333b6c6cdc2c1c4a732c3fbf0a1f3c083b2869e008ae5f4c82b751","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-63.006","next":"us-tx/tex.-finance-code-63.008"},"notice":"GroundRules: Original legal text. Not legal advice."}