All codes › Finance Code › Title 3

Chapter 126

Credit Union Supervision and Regulation

Subchapter A. General Provisions

126.001 Appointment of Conservator or Liquidating Agent 126.002 Confidentiality of Information 126.003 Enforceability of Agreement Made by Credit Union Before Conservatorship or Liquidation

Subchapter B. Examinations

126.051 Examinations 126.052 Access to Information 126.053 Witnesses; Production of Documents 126.054 Report of Examination 126.055 Fee

Subchapter C. Conservatorship Order

126.101 Conservatorship Order; Appointment of Conservator 126.102 Service of Order 126.103 Effect of Order 126.105 Appeal of Order; Hearing 126.106 Failure to Appeal or Appear 126.107 Extension of Date and Time for Hearing 126.108 Confidentiality; Disclosure

Subchapter D. Administration of Conservatorship

126.151 Conservator Subject to Commission Control 126.152 General Powers of Conservator 126.153 Powers Relating to Claims 126.154 Power to Repudiate Burdensome Transaction 126.155 Power to Protect, Preserve, and Recover Property 126.156 Duties of Conservator 126.157 Term of Conservator 126.158 Transfer of Management of Rehabilitated Credit Union 126.159 Cost of Conservatorship 126.160 Jurisdiction and Venue 126.161 Exhaustion of Administrative Remedies

Subchapter E. Liquidation Order; Injunction

126.201 Liquidation Order; Appointment of Liquidating Agent 126.202 Service of Order 126.203 Suit for Injunction 126.204 Action Pending Injunction Hearing 126.205 Hearing on Injunction; Appeal 126.206 National Credit Union Administration as Liquidating Agent

Subchapter F. Administration of Liquidation

126.251 Permissible Activities in Liquidation 126.252 Compensation of Credit Union Employees and Officers 126.253 Liquidating Agent Subject to Commission Control 126.254 Possession, Consolidation, and Disposition of Assets 126.255 Compound Debts 126.256 Court Action by Liquidating Agent 126.257 Repudiation of Burdensome Transactions 126.258 Execution of Documents; Other Necessary Acts 126.259 Jurisdiction and Venue 126.260 Exhaustion of Administrative Remedies

Subchapter G. Claims Relating to Credit Union in Liquidation

126.301 Claims Against Credit Union 126.302 Notice to Creditors and Members 126.303 Priority of Claims 126.304 Liquidation Dividends 126.305 Payment of Claims in "no Publication" Liquidation 126.306 Barred Claims

Subchapter H. Liquidating Agent

126.351 Removal of Liquidating Agent 126.352 Replacement of Liquidating Agent 126.353 Conflict of Interest 126.354 Compensation

Subchapter I. Completion of Liquidation

126.401 Certificate of Liquidation and Distribution 126.402 Cancellation of Certificate of Incorporation 126.403 Winding Up of Credit Union Business

Subchapter J. Voluntary Liquidation

126.451 Board Resolution 126.452 Notification to Commissioner of Proposed Liquidation 126.453 Notice of Meeting to Liquidate 126.454 Credit Union Operations Before and After Vote 126.455 Vote on Voluntary Liquidation 126.456 Notice to Commissioner of Affirmative Vote to Liquidate 126.457 Appointment of Liquidating Agent 126.458 Application of Law to Credit Union in Voluntary Liquidation