Texas Finance Code

§ 66.151 — PLACEMENT OF ASSOCIATION UNDER CONSERVATORSHIP

FI § 66.151Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 66. ENFORCEMENT AND REGULATION · Art. D. CONSERVATORSHIP

Statute text

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If the commissioner does not approve a plan to continue the operation of an association under Section 66.108, the conservator shall continue to manage the affairs of the association unless the temporary conservatorship order is modified or vacated:

(1)by order of the commissioner; or

(2)as a result of judicial review.

Legislative history

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