Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 126.251 - Permissible Activities in Liquidation(a) A credit union in liquidation continues in existence to discharge debts, collect and distribute assets, and wind up the credit union's business.(b) The credit union may sue and be sued to enforce debts and obligations until its affairs are fully adjusted.
Tex. Fin. Code § 126.251
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.