POWERS RELATING TO CLAIMS
Known as the Texas Credit Union Act
The act spans §§ 121.001 to 149.002 (219 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff
The conservator may:
(1) determine the existence and amount of claims;
(2) allow proved claims of security, preference, or priority;
(3) disallow unproved claims of security, preference, or priority; and
(4) settle or release a claim in favor of or against the credit union.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.