Texas Finance Code 126.260 – Exhaustion of Administrative Remedies
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Terms Used In Texas Finance Code 126.260
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Except as provided by Subchapter E, administrative remedies must be exhausted before a court may:
(1) assert jurisdiction over a claim against the liquidating agent or the credit union; or
(2) restrain or otherwise affect the exercise of the powers or functions of the liquidating agent.