Texas Finance Code

§ 66.155 — SCOPE OF AUTHORITY OF OTHER PERSONS DURING CONSERVATORSHIP

FI § 66.155Title 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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During the conservatorship, a person who participates in the affairs of the association shall act according to the conservator's instructions and may exercise only the authority that the conservator expressly grants.

Legislative history

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