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2023 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle D - Credit Unions
Chapter 126 - Credit Union Supervision and Regulation
Subchapter F. Administration of Liquidation
Section 126.260. Exhaustion of Administrative Remedies
Universal Citation:
TX Fin Code § 126.260 (2023)
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Sec. 126.260. EXHAUSTION OF ADMINISTRATIVE REMEDIES. Except as provided by Subchapter E, administrative remedies must be exhausted before a court may:
(1) assert jurisdiction over a claim against the liquidating agent or the credit union; or
(2) restrain or otherwise affect the exercise of the powers or functions of the liquidating agent.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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