Texas Statutes
§ 126.251 — PERMISSIBLE ACTIVITIES IN LIQUIDATION.
Texas § 126.251
JurisdictionTexas
Code FIFinance Code
This text of Texas § 126.251 (PERMISSIBLE ACTIVITIES IN LIQUIDATION.) 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. § 126.251 (2026).
Text
Sec. 126.251. PERMISSIBLE ACTIVITIES IN LIQUIDATION.
(a)A credit union in liquidation continues in existence to discharge debts, collect and distribute assets, and wind up the credit union's business.
(b)The credit union may sue and be sued to enforce debts and obligations until its affairs are fully adjusted.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 126.002
CONFIDENTIALITY OF INFORMATION.§ 126.051
EXAMINATIONS.§ 126.052
ACCESS TO INFORMATION.§ 126.053
WITNESSES; PRODUCTION OF DOCUMENTS.§ 126.054
REPORT OF EXAMINATION.§ 126.055
FEE.§ 126.102
SERVICE OF ORDER.§ 126.103
EFFECT OF ORDER.§ 126.105
APPEAL OF ORDER; HEARING.§ 126.106
FAILURE TO APPEAL OR APPEAR.§ 126.108
CONFIDENTIALITY; DISCLOSURE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 126.251, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/126.251.