Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle D. CREDIT UNIONS |
Chapter 126. CREDIT UNION SUPERVISION AND REGULATION |
Subchapter D. ADMINISTRATION OF CONSERVATORSHIP |
Sec. 126.161. EXHAUSTION OF ADMINISTRATIVE REMEDIES
Latest version.
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Administrative remedies must be exhausted before a court may:
(1) assert jurisdiction over a claim against the conservator or the credit union; or
(2) restrain or otherwise affect the exercise of the powers or functions of the conservator.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.