Texas Finance Code

§ 66.302 — REMOVAL OR REPLACEMENT OF LIQUIDATING AGENT

FI § 66.302Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part B. SAVINGS AND LOAN ASSOCIATIONS · Ch. 66. ENFORCEMENT AND REGULATION · Art. G. LIQUIDATION

Statute text

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(a)The commissioner, with or without cause, may remove a liquidating agent and appoint another agent.

(b)If a liquidating agent resigns, dies, or otherwise becomes unable to serve, the commissioner shall promptly appoint another agent.

Legislative history

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