Sec. 126.253. LIQUIDATING AGENT SUBJECT TO COMMISSION CONTROL. The liquidating agent shall perform the duties required by the following sections subject to commission rules and under the commissioner's supervision:
(1) Sections 126.254-126.258; and
(2) Sections 126.301, 126.302, 126.304, 126.305, and 126.306.
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 F. Administration of Liquidation
Section 126.251. Permissible Activities in Liquidation
Section 126.252. Compensation of Credit Union Employees and Officers
Section 126.253. Liquidating Agent Subject to Commission Control
Section 126.254. Possession, Consolidation, and Disposition of Assets
Section 126.255. Compound Debts
Section 126.256. Court Action by Liquidating Agent
Section 126.257. Repudiation of Burdensome Transactions
Section 126.258. Execution of Documents; Other Necessary Acts