Texas Finance Code

§ 126.152 — GENERAL POWERS OF CONSERVATOR

FI § 126.152Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 126. CREDIT UNION SUPERVISION AND REGULATION · Art. D. ADMINISTRATION OF CONSERVATORSHIP

Statute text

View on source

The conservator may:

(1)take possession and control of the books, records, property, assets, and business of the credit union;

(2)conduct the business and affairs of the credit union;

(3)sell or assign assets to the conservator; and

(4)perform any other action as necessary in connection with the conservatorship.

Legislative history

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