Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 126.254 - Possession, Consolidation, and Disposition of Assets
The liquidating agent shall:
(1) receive and take possession of the books, records, assets, and property of the credit union;(2) sell, enforce collection of, and liquidate assets and property; and(3) sell or assign assets to the liquidating agent subject to Section 126.353.
Tex. Fin. Code § 126.254
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.36, eff. 9/1/1999. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.