Sec. 126.160. JURISDICTION AND VENUE. (a) A suit filed against a credit union while the credit union is under conservatorship, or against a person in connection with an action taken or decision made by that person as a conservator of a credit union, must be brought in Travis County regardless of whether the credit union remains under conservatorship.
(b) A suit filed by the conservator under Section 126.155 may be brought in Travis County.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 533, Sec. 50, eff. Sept. 1, 2003.
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