Texas Finance Code 126.106 – Failure to Appeal or Appear
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Terms Used In Texas Finance Code 126.106
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
If the board does not appeal the conservatorship order or fails to appear at the hearing provided for by Section 126.105, the credit union is presumed to have consented to the commissioner’s disposition action, and the commissioner may dispose of the conservatorship matter as the commissioner considers appropriate.