Texas Finance Code

§ 126.153 — POWERS RELATING TO CLAIMS

FI § 126.153Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 126. CREDIT UNION SUPERVISION AND REGULATION · Art. D. ADMINISTRATION OF CONSERVATORSHIP

Statute text

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The conservator may:

(1)determine the existence and amount of claims;

(2)allow proved claims of security, preference, or priority;

(3)disallow unproved claims of security, preference, or priority; and

(4)settle or release a claim in favor of or against the credit union.

Legislative history

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