Sec. 126.156. DUTIES OF CONSERVATOR. The conservator shall:
(1) take actions as directed by the commissioner to remove the causes and conditions that made the conservatorship necessary; and
(2) report to the commissioner from time to time during the conservatorship as required by the commissioner.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 126 - Credit Union Supervision and Regulation
Subchapter D. Administration of Conservatorship
Section 126.151. Conservator Subject to Commission Control
Section 126.152. General Powers of Conservator
Section 126.153. Powers Relating to Claims
Section 126.154. Power to Repudiate Burdensome Transaction
Section 126.155. Power to Protect, Preserve, and Recover Property
Section 126.156. Duties of Conservator
Section 126.157. Term of Conservator
Section 126.158. Transfer of Management of Rehabilitated Credit Union
Section 126.159. Cost of Conservatorship