Texas Statutes
Subtitle D - Credit Unions
Chapter 126 - Credit Union Supervision and Regulation

Section 126.003. Enforceability of Agreement Made by Credit Union Before Conservatorship or Liquidation - Sec. 126.003. ENFORCEABILITY OF AGREEMENT MADE BY CREDIT UNION BEFORE...

Subchapter B. Examinations

Section 126.051. Examinations - Sec. 126.051. EXAMINATIONS. (a) The department, through examiners it appoints...

Section 126.052. Access to Information - Sec. 126.052. ACCESS TO INFORMATION. An officer, director, agent, or...

Section 126.053. Witnesses; Production of Documents - Sec. 126.053. WITNESSES; PRODUCTION OF DOCUMENTS. (a) In an examination...

Section 126.054. Report of Examination - Sec. 126.054. REPORT OF EXAMINATION. (a) An examiner shall report...

Section 126.055. Fee - Sec. 126.055. FEE. The commission may establish and a credit...

Subchapter C. Conservatorship Order

Section 126.101. Conservatorship Order; Appointment of Conservator - Sec. 126.101. CONSERVATORSHIP ORDER; APPOINTMENT OF CONSERVATOR. (a) The commissioner...

Section 126.102. Service of Order - Sec. 126.102. SERVICE OF ORDER. (a) A conservatorship order must...

Section 126.103. Effect of Order - Sec. 126.103. EFFECT OF ORDER. Following service of a conservatorship...

Section 126.105. Appeal of Order; Hearing - Sec. 126.105. APPEAL OF ORDER; HEARING. (a) Unless the board...

Section 126.106. Failure to Appeal or Appear - Sec. 126.106. FAILURE TO APPEAL OR APPEAR. If the board...

Section 126.107. Extension of Date and Time for Hearing - Sec. 126.107. EXTENSION OF DATE AND TIME FOR HEARING. The...

Section 126.108. Confidentiality; Disclosure - Sec. 126.108. CONFIDENTIALITY; DISCLOSURE. A conservatorship order and a copy...

Subchapter D. Administration of Conservatorship

Section 126.151. Conservator Subject to Commission Control - Sec. 126.151. CONSERVATOR SUBJECT TO COMMISSION CONTROL. A conservator shall...

Section 126.152. General Powers of Conservator - Sec. 126.152. GENERAL POWERS OF CONSERVATOR. The conservator may: (1)...

Section 126.153. Powers Relating to Claims - Sec. 126.153. POWERS RELATING TO CLAIMS. The conservator may: (1)...

Section 126.154. Power to Repudiate Burdensome Transaction - Sec. 126.154. POWER TO REPUDIATE BURDENSOME TRANSACTION. The conservator may...

Section 126.155. Power to Protect, Preserve, and Recover Property - Sec. 126.155. POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY. (a)...

Section 126.156. Duties of Conservator - Sec. 126.156. DUTIES OF CONSERVATOR. The conservator shall: (1) take...

Section 126.157. Term of Conservator - Sec. 126.157. TERM OF CONSERVATOR. The conservator shall serve until...

Section 126.158. Transfer of Management of Rehabilitated Credit Union - Sec. 126.158. TRANSFER OF MANAGEMENT OF REHABILITATED CREDIT UNION. If...

Section 126.159. Cost of Conservatorship - Sec. 126.159. COST OF CONSERVATORSHIP. (a) The commissioner shall determine...

Section 126.160. Jurisdiction and Venue - Sec. 126.160. JURISDICTION AND VENUE. (a) A suit filed against...

Section 126.161. Exhaustion of Administrative Remedies - Sec. 126.161. EXHAUSTION OF ADMINISTRATIVE REMEDIES. Administrative remedies must be...

Subchapter E. Liquidation Order; Injunction

Section 126.201. Liquidation Order; Appointment of Liquidating Agent - Sec. 126.201. LIQUIDATION ORDER; APPOINTMENT OF LIQUIDATING AGENT. (a) After...

Section 126.202. Service of Order - Sec. 126.202. SERVICE OF ORDER. The commissioner shall serve a...

Section 126.203. Suit for Injunction - Sec. 126.203. SUIT FOR INJUNCTION. (a) Not later than the...

Section 126.204. Action Pending Injunction Hearing - Sec. 126.204. ACTION PENDING INJUNCTION HEARING. (a) The court, without...

Section 126.205. Hearing on Injunction; Appeal - Sec. 126.205. HEARING ON INJUNCTION; APPEAL. (a) The court, as...

Section 126.206. National Credit Union Administration as Liquidating Agent - Sec. 126.206. NATIONAL CREDIT UNION ADMINISTRATION AS LIQUIDATING AGENT. (a)...

Subchapter F. Administration of Liquidation

Section 126.251. Permissible Activities in Liquidation - Sec. 126.251. PERMISSIBLE ACTIVITIES IN LIQUIDATION. (a) A credit union...

Section 126.252. Compensation of Credit Union Employees and Officers - Sec. 126.252. COMPENSATION OF CREDIT UNION EMPLOYEES AND OFFICERS. (a)...

Section 126.253. Liquidating Agent Subject to Commission Control - Sec. 126.253. LIQUIDATING AGENT SUBJECT TO COMMISSION CONTROL. The liquidating...

Section 126.254. Possession, Consolidation, and Disposition of Assets - Sec. 126.254. POSSESSION, CONSOLIDATION, AND DISPOSITION OF ASSETS. The liquidating...

Section 126.255. Compound Debts - Sec. 126.255. COMPOUND DEBTS. The liquidating agent shall compound all...

Section 126.256. Court Action by Liquidating Agent - Sec. 126.256. COURT ACTION BY LIQUIDATING AGENT. The liquidating agent...

Section 126.257. Repudiation of Burdensome Transactions - Sec. 126.257. REPUDIATION OF BURDENSOME TRANSACTIONS. The liquidating agent shall...

Section 126.258. Execution of Documents; Other Necessary Acts - Sec. 126.258. EXECUTION OF DOCUMENTS; OTHER NECESSARY ACTS. The liquidating...

Section 126.259. Jurisdiction and Venue - Sec. 126.259. JURISDICTION AND VENUE. (a) A suit against a...

Section 126.260. Exhaustion of Administrative Remedies - Sec. 126.260. EXHAUSTION OF ADMINISTRATIVE REMEDIES. Except as provided by...

Subchapter G. Claims Relating to Credit Union in Liquidation

Section 126.301. Claims Against Credit Union - Sec. 126.301. CLAIMS AGAINST CREDIT UNION. The liquidating agent shall:...

Section 126.302. Notice to Creditors and Members - Sec. 126.302. NOTICE TO CREDITORS AND MEMBERS. (a) The liquidating...

Section 126.303. Priority of Claims - Sec. 126.303. PRIORITY OF CLAIMS. The liquidating agent shall use...

Section 126.304. Liquidation Dividends - Sec. 126.304. LIQUIDATION DIVIDENDS. (a) The liquidating agent from time...

Section 126.305. Payment of Claims in "No Publication" Liquidation - Sec. 126.305. PAYMENT OF CLAIMS IN "NO PUBLICATION" LIQUIDATION. (a)...

Section 126.306. Barred Claims - Sec. 126.306. BARRED CLAIMS. (a) A claim not filed before...

Subchapter H. Liquidating Agent

Section 126.351. Removal of Liquidating Agent - Sec. 126.351. REMOVAL OF LIQUIDATING AGENT. (a) On finding that...

Section 126.352. Replacement of Liquidating Agent - Sec. 126.352. REPLACEMENT OF LIQUIDATING AGENT. The commissioner shall appoint...

Section 126.353. Conflict of Interest - Sec. 126.353. CONFLICT OF INTEREST. (a) The liquidating agent may...

Section 126.354. Compensation - Sec. 126.354. COMPENSATION. (a) A liquidating agent is entitled to...

Subchapter I. Completion of Liquidation

Section 126.401. Certificate of Liquidation and Distribution - Sec. 126.401. CERTIFICATE OF LIQUIDATION AND DISTRIBUTION. The commissioner shall...

Section 126.402. Cancellation of Certificate of Incorporation - Sec. 126.402. CANCELLATION OF CERTIFICATE OF INCORPORATION. The commissioner, on...

Section 126.403. Winding Up of Credit Union Business - Sec. 126.403. WINDING UP OF CREDIT UNION BUSINESS. During the...

Subchapter J. Voluntary Liquidation

Section 126.451. Board Resolution - Sec. 126.451. BOARD RESOLUTION. Unless the commissioner has issued a...

Section 126.452. Notification to Commissioner of Proposed Liquidation - Sec. 126.452. NOTIFICATION TO COMMISSIONER OF PROPOSED LIQUIDATION. Not later...

Section 126.453. Notice of Meeting to Liquidate - Sec. 126.453. NOTICE OF MEETING TO LIQUIDATE. Notice of the...

Section 126.454. Credit Union Operations Before and After Vote - Sec. 126.454. CREDIT UNION OPERATIONS BEFORE AND AFTER VOTE. Immediately...

Section 126.455. Vote on Voluntary Liquidation - Sec. 126.455. VOTE ON VOLUNTARY LIQUIDATION. At a special meeting...

Section 126.456. Notice to Commissioner of Affirmative Vote to Liquidate - Sec. 126.456. NOTICE TO COMMISSIONER OF AFFIRMATIVE VOTE TO LIQUIDATE....

Section 126.457. Appointment of Liquidating Agent - Sec. 126.457. APPOINTMENT OF LIQUIDATING AGENT. (a) If the members...

Section 126.458. Application of Law to Credit Union in Voluntary Liquidation - Sec. 126.458. APPLICATION OF LAW TO CREDIT UNION IN VOLUNTARY...

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Texas Statutes Subtitle D - Credit Unions Chapter 126 - Credit Union Supervision and Regulation

Texas Statutes
Subtitle D - Credit Unions
Chapter 126 - Credit Union Supervision and Regulation