Texas Finance Code 126.251 – Permissible Activities in Liquidation
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(a) A credit union in liquidation continues in existence to discharge debts, collect and distribute assets, and wind up the credit union’s business.
(b) The credit union may sue and be sued to enforce debts and obligations until its affairs are fully adjusted.
Terms Used In Texas Finance Code 126.251
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.