Sec. 126.158. TRANSFER OF MANAGEMENT OF REHABILITATED CREDIT UNION. If the credit union is rehabilitated, the conservator shall return the management of the credit union to the board under terms that are reasonable and necessary to prevent a recurrence of the conditions that created the need for conservatorship.
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