Tex. Finance Code § 122.259
This is the official text of Tex. Finance Code § 122.259, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 122.259. HEARING ON APPEAL OF PROPOSED ORDER.
Official statutory text
(a) If the credit union or a person removed from office or employment files a notice of appeal of a cease and desist order or a removal order, the commissioner shall set a time and place for the commission to hear the appeal in accordance with commission rules.
(b) The filing of an appeal does not suspend a removal order or cease and desist order.
(c) At the conclusion of the hearing, the commission may vacate, affirm, or modify the commissioner's order and may order that appropriate action be taken.
(d) A cease and desist order or a removal order is final on completion of an appeal or otherwise as provided by this subchapter.
(b) The filing of an appeal does not suspend a removal order or cease and desist order.
(c) At the conclusion of the hearing, the commission may vacate, affirm, or modify the commissioner's order and may order that appropriate action be taken.
(d) A cease and desist order or a removal order is final on completion of an appeal or otherwise as provided by this subchapter.
Status: in_force · Read it on the official government site
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