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2025 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Chapter 63 - General Powers
Section 63.007. Right to Act to Avoid Loss
Universal Citation:
TX Fin Code § 63.007 (2025)
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Sec. 63.007. RIGHT TO ACT TO AVOID LOSS. This subtitle or another statute of this state does not deny an association the right to invest its money, operate a business, manage or deal in property, or take other action during any period that is reasonably necessary to avoid loss on a prior loan or investment or on an obligation created in good faith.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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