Tex. Fin. Code § 126.106
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
If the board does not appeal the conservatorship order or fails to appear at the hearing provided for by Section 126.105, the credit union is presumed to have consented to the commissioner's disposition action, and the commissioner may dispose of the conservatorship matter as the commissioner considers appropriate.
Tex. Fin. Code § 126.106