Texas § 126.204 ACTION PENDING INJUNCTION HEARING.

Texas Statutes

§ 126.204 — ACTION PENDING INJUNCTION HEARING.

Texas § 126.204

Code FIFinance Code

This text of Texas § 126.204 (ACTION PENDING INJUNCTION HEARING.) 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. § 126.204 (2026).

Text

Sec. 126.204. ACTION PENDING INJUNCTION HEARING.

(a)The court, without notice or hearing, may restrain the commissioner from liquidating the credit union's assets until after a hearing on the suit is held.

(b)If the court restrains the commissioner, the court shall instruct the commissioner to hold the credit union's assets in the commissioner's possession and control until disposition of the suit.

(c)With court approval, the commissioner may take any necessary or proper action to prevent loss or depreciation in the value of the assets.

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Sec. 126.204. ACTION PENDING INJUNCTION HEARING. (a) The court, without notice or hearing, may restrain the commissioner from liquidating the credit union's assets until after a hearing on the suit is held.
(b) If the court restrains the commissioner, the court shall instruct the commissioner to hold the credit union's assets in the commissioner's possession and control until disposition of the suit.
(c) With court approval, the commissioner may take any necessary or proper action to prevent loss or depreciation in the value of the assets.