Sec. 62.503. FINAL REPORT AND ACCOUNTING  


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  • (a) On completion of the liquidation, the board shall file with the commissioner a final report and accounting of the liquidation.

    (b) The commissioner's approval of the report is a complete and final discharge of the board and each member in connection with the liquidation of the association.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.