Tex. Fin. Code § 63.007

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 63.007 - Right to Act to Avoid Loss

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.

Tex. Fin. Code § 63.007

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.