Sec. 96.155. SCOPE OF AUTHORITY OF OTHER PERSONS DURING CONSERVATORSHIP. During the conservatorship, a person who participates in the affairs of the savings bank 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
Chapter 96 - Supervision and Regulation
Section 96.151. Placement of Savings Bank Under Conservatorship
Section 96.152. Duties of Conservator
Section 96.153. Term of Conservator
Section 96.154. Transfer of Management of Rehabilitated Savings Bank
Section 96.155. Scope of Authority of Other Persons During Conservatorship
Section 96.156. Limiting Order During Conservatorship
Section 96.157. Service of Limiting Order
Section 96.158. Effect of Limiting Order
Section 96.159. Hearing on Limiting Order; Final Order
Section 96.160. Stay of Limiting Order