§ 126.152 — GENERAL POWERS OF CONSERVATOR.

Texas § 126.152

• Jurisdiction: Texas
• Code FI: Finance Code

Text

Sec. 126.152. GENERAL POWERS OF CONSERVATOR. The conservator may:
(1) take possession and control of the books, records, property, assets, and business of the credit union;
(2) conduct the business and affairs of the credit union;
(3) sell or assign assets to the conservator; and
(4) perform any other action as necessary in connection with the conservatorship.

Legislative History

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