Texas Finance Code

§ 126.156 — DUTIES OF CONSERVATOR

FI § 126.156Title 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 shall:

(1)take actions as directed by the commissioner to remove the causes and conditions that made the conservatorship necessary; and

(2)report to the commissioner from time to time during the conservatorship as required by the commissioner.

Legislative history

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