Sec. 66.151. PLACEMENT OF ASSOCIATION UNDER CONSERVATORSHIP. If the commissioner does not approve a plan to continue the operation of an association under Section 66.108, the conservator shall continue to manage the affairs of the association unless the temporary conservatorship order is modified or vacated:
(1) by order of the commissioner; or
(2) as a result of judicial review.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Chapter 66 - Enforcement and Regulation
Section 66.151. Placement of Association Under Conservatorship
Section 66.152. Duties of Conservator
Section 66.153. Term of Conservator
Section 66.154. Transfer of Management of Rehabilitated Association
Section 66.155. Scope of Authority of Other Persons During Conservatorship