Texas Finance Code

§ 126.259 — JURISDICTION AND VENUE

FI § 126.259Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 126. CREDIT UNION SUPERVISION AND REGULATION · Art. F. ADMINISTRATION OF LIQUIDATION

Statute text

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(a)A suit against a credit union or its liquidating agent while a liquidation order is in effect must be brought in Travis County.

(b)The liquidating agent may file suit in Travis County to preserve, protect, or recover the credit union's assets or property.

(c)An asset or property of the credit union includes a claim or cause of action that belongs to or that may be asserted by the credit union.

Legislative history

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