{"data":{"id":"us-tx/tex.-finance-code-92.602","jurisdiction":"us-tx","citation":"Tex. Finance Code § 92.602","heading":"LIABILITY OF MEMBERS AND MANAGERS.","body":"A member, transferee of a member, or manager of a limited savings bank is not liable for a debt, obligation, or liability of the limited savings bank, including a debt, obligation, or liability under a judgment, decree, or order of a court. A member or a manager of a limited savings bank is not a proper party to a proceeding by or against a limited savings bank unless the object of the proceeding is to enforce a member's or manager's right against or liability to a limited savings bank.\nAdded by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 5.15, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 92. ORGANIZATIONAL AND FINANCIAL REQUIREMENTS","SUBCHAPTER M. LIMITED SAVINGS BANK"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.92.htm#92.602","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"77ba8d1c9c2d107db2c939f3cf0cb60393d4d869c6e6c8495e615cbac6b4a0be","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-92.601","next":"us-tx/tex.-finance-code-92.603"},"notice":"GroundRules: Original legal text. Not legal advice."}