Sec. 66.155. SCOPE OF AUTHORITY OF OTHER PERSONS DURING CONSERVATORSHIP. During the conservatorship, a person who participates in the affairs of the association shall act according to the conservator's instructions and may exercise only the authority that the conservator expressly grants.
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