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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 63.010. Effect of Closing
Universal Citation:
TX Fin Code § 63.010 (2025)
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Sec. 63.010. EFFECT OF CLOSING. (a) A day on which an association or one or more of its operations is closed under Section 63.009 during all or part of its normal business hours is considered to be a legal holiday to the extent the association suspends operations.
(b) An association or a director, officer, or employee of the association does not incur liability or loss of rights from a closing authorized by this subtitle.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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