Tex. Finance Code § 126.155
This is the official text of Tex. Finance Code § 126.155, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 126.155. POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY.
Official statutory text
(a) The conservator may take measures necessary to preserve, protect, and recover the assets or property of the credit union, including filing a lawsuit against any person.
(b) An asset or property of the credit union includes a claim or cause of action that belongs to or that may be asserted by the credit union.
(c) The conservator may deal with that property in the capacity of conservator.
(d) The conservator may file, prosecute, or defend a suit brought by or against the credit union if the conservator considers it necessary to protect the interested party or property affected by the suit.
(b) An asset or property of the credit union includes a claim or cause of action that belongs to or that may be asserted by the credit union.
(c) The conservator may deal with that property in the capacity of conservator.
(d) The conservator may file, prosecute, or defend a suit brought by or against the credit union if the conservator considers it necessary to protect the interested party or property affected by the suit.
Status: in_force · Read it on the official government site
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