Texas Finance Code

§ 126.260 — EXHAUSTION OF ADMINISTRATIVE REMEDIES

FI § 126.260Title 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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Except as provided by Subchapter E, administrative remedies must be exhausted before a court may:

(1)assert jurisdiction over a claim against the liquidating agent or the credit union; or

(2)restrain or otherwise affect the exercise of the powers or functions of the liquidating agent.

Legislative history

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