Texas § 126.155 POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY.

Texas Statutes

§ 126.155 — POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY.

Texas § 126.155

Code FIFinance Code

This text of Texas § 126.155 (POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 126.155 (2026).

Text

Sec. 126.155. POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY.

(a)The conservator may take measures necessary to preserve, protect, and recover the assets or property of the credit union, including filing a lawsuit against any person.

(b)An asset or property of the credit union includes a claim or cause of action that belongs to or that may be asserted by the credit union.

(c)The conservator may deal with that property in the capacity of conservator.

(d)The conservator may file, prosecute, or defend a suit brought by or against the credit union if the conservator considers it necessary to protect the interested party or property affected by the suit.

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Sec. 126.155. POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY. (a) The conservator may take measures necessary to preserve, protect, and recover the assets or property of the credit union, including filing a lawsuit against any person.
(b) An asset or property of the credit union includes a claim or cause of action that belongs to or that may be asserted by the credit union.
(c) The conservator may deal with that property in the capacity of conservator.
(d) The conservator may file, prosecute, or defend a suit brought by or against the credit union if the conservator considers it necessary to protect the interested party or property affected by the suit.