Sec. 66.154. TRANSFER OF MANAGEMENT OF REHABILITATED ASSOCIATION. If the association is rehabilitated, the conservator shall return the management of the association to the association's board under terms that are reasonable and necessary to prevent a recurrence of the conditions that created the need for the conservatorship.
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