Texas Finance Code 126.259 – Jurisdiction and Venue
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(a) A suit against a credit union or its liquidating agent while a liquidation order is in effect must be brought in Travis County.
(b) The liquidating agent may file suit in Travis County to preserve, protect, or recover the credit union’s assets or property.
Terms Used In Texas Finance Code 126.259
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Property: means real and personal property. See Texas Government Code 311.005
(c) An asset or property of the credit union includes a claim or cause of action that belongs to or that may be asserted by the credit union.