Tex. Finance Code § 63.007
This is the official text of Tex. Finance Code § 63.007, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 63.007. RIGHT TO ACT TO AVOID LOSS.
Official statutory text
This subtitle or another statute of this state does not deny an association the right to invest its money, operate a business, manage or deal in property, or take other action during any period that is reasonably necessary to avoid loss on a prior loan or investment or on an obligation created in good faith.
Status: in_force · Read it on the official government site
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