Sec. 126.458. APPLICATION OF LAW TO CREDIT UNION IN VOLUNTARY LIQUIDATION. A credit union in the process of voluntary dissolution and liquidation remains subject to this subtitle and Chapter 15, including provisions for examination by the commissioner, and the credit union shall furnish reports as required by the commissioner.
Added by Acts 2003, 78th Leg., ch. 533, Sec. 55, eff. Sept. 1, 2003.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 126 - Credit Union Supervision and Regulation
Subchapter J. Voluntary Liquidation
Section 126.451. Board Resolution
Section 126.452. Notification to Commissioner of Proposed Liquidation
Section 126.453. Notice of Meeting to Liquidate
Section 126.454. Credit Union Operations Before and After Vote
Section 126.455. Vote on Voluntary Liquidation
Section 126.456. Notice to Commissioner of Affirmative Vote to Liquidate
Section 126.457. Appointment of Liquidating Agent
Section 126.458. Application of Law to Credit Union in Voluntary Liquidation