The conservator may repudiate a contract or unexpired lease the conservator considers burdensome to the credit union.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 3 › Chapter 126 › Subchapter D
Texas Finance Code § 126.154
Power to Repudiate Burdensome Transaction
Credit Union Supervision and Regulation · Administration of Conservatorship
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.