EFFECT OF ORDER.

Tex. FIN Code § 126.103.
in effect
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Following service of a conservatorship order: (1) the commissioner shall take possession and control of the credit union's books, records, property, assets, and business; and (2) the credit union shall cease all operations except those authorized by the commissioner and conducted under the commissioner's supervision.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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