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2025 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle D - Credit Unions
Chapter 126 - Credit Union Supervision and Regulation
Subchapter E. Liquidation Order; Injunction
Section 126.203. Suit for Injunction
Universal Citation:
TX Fin Code § 126.203 (2025)
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Sec. 126.203. SUIT FOR INJUNCTION. (a) Not later than the fifth day after the date on which the liquidation order is served, a credit union that has not requested or consented to a liquidation order may, if authorized by certified board resolution, sue to enjoin the commissioner from liquidating the credit union.
(b) The suit must be brought in the district court of the county in which the credit union's principal office is located.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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