Texas Finance Code
§ 63.010 — EFFECT OF CLOSING
FI § 63.010Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 63. GENERAL POWERS
Statute text
View on source(a)A day on which an association or one or more of its operations is closed under Section 63.009 during all or part of its normal business hours is considered to be a legal holiday to the extent the association suspends operations.
(b)An association or a director, officer, or employee of the association does not incur liability or loss of rights from a closing authorized by this subtitle.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.