Texas § 66.253 NOTICE OF CLOSING.

Texas Statutes

§ 66.253 — NOTICE OF CLOSING.

Texas § 66.253

Code FIFinance Code

This text of Texas § 66.253 (NOTICE OF CLOSING.) 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. § 66.253 (2026).

Text

Sec. 66.253. NOTICE OF CLOSING.

(a)Immediately after an association is closed by its board or by the commissioner under this subchapter, the commissioner shall post at the main entrance of the association an appropriate notice of the closure. After notice is posted, a judgment lien, attachment lien, or other voluntary lien may not attach to an asset of the association, and a director or an officer or agent of the association may not:

(1)act for the association; or

(2)convey, transfer, assign, pledge, mortgage, or encumber an asset of the association.

(b)An attempt to take an action prohibited under Subsection (a)(2) after the notice is posted or in anticipation of posting the notice, including preferring in any manner a depositor or creditor of the association, is void.

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Sec. 66.253. NOTICE OF CLOSING. (a) Immediately after an association is closed by its board or by the commissioner under this subchapter, the commissioner shall post at the main entrance of the association an appropriate notice of the closure. After notice is posted, a judgment lien, attachment lien, or other voluntary lien may not attach to an asset of the association, and a director or an officer or agent of the association may not:
(1) act for the association; or
(2) convey, transfer, assign, pledge, mortgage, or encumber an asset of the association.
(b) An attempt to take an action prohibited under Subsection (a)(2) after the notice is posted or in anticipation of posting the notice, including preferring in any manner a depositor or creditor of the association, is void.