Sec. 66.352. DUTIES OF RECEIVER. On appointment, the receiver shall:
(1) immediately take charge of the affairs of the association, subject to the direction of the court; and
(2) conduct the business of the association or act as necessary to conserve the assets and protect the rights of the depositors or creditors and shareholders and members of the association.
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
Subchapter H. Receivership of Uninsured Associations
Section 66.351. Placement of Certain Associations in Receivership
Section 66.352. Duties of Receiver
Section 66.353. Compensation of Receiver
Section 66.354. Effect of Receivership on Commissioner and Liquidating Agent
Section 66.355. Receipt of Items as Evidence in Receivership Proceeding; Certification