Finance Code › Title 3 › Chapter 126 › Subchapter D

Texas Finance Code § 126.158

Transfer of Management of Rehabilitated Credit Union

Credit Union Supervision and Regulation · Administration of Conservatorship

If the credit union is rehabilitated, the conservator shall return the management of the credit union to the board under terms that are reasonable and necessary to prevent a recurrence of the conditions that created the need for conservatorship.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.