POSSESSION, CONSOLIDATION, AND DISPOSITION OF ASSETS
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 liquidating agent shall:
(1) receive and take possession of the books, records, assets, and property of the credit union;
(2) sell, enforce collection of, and liquidate assets and property; and
(3) sell or assign assets to the liquidating agent subject to Section 126.353.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.