Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle B. SAVINGS AND LOAN ASSOCIATIONS |
Chapter 66. ENFORCEMENT AND REGULATION |
Subchapter D. CONSERVATORSHIP |
Sec. 66.155. SCOPE OF AUTHORITY OF OTHER PERSONS DURING CONSERVATORSHIP
Latest version.
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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.