Texas § IN.462.109 - DELEGATION OF POWERS AND DUTIES
Full text of Texas The Texas Constitution § IN.462.109 — DELEGATION OF POWERS AND DUTIES, with citation guidance and answers to common questions.
§ IN.462.109. DELEGATION OF POWERS AND DUTIES
DELEGATION OF POWERS AND DUTIES. (a) Except as provided by Subsection (b), the plan of operation may provide that, on approval of the board and the commissioner, the association may delegate by contract any or all powers or duties of the association to a corporation or other organization that: (1) performs or will perform in two or more states functions similar to those of the association or the association's equivalent; and (2) provides protection not substantially less favorable and effective than that provided by this chapter. (b) The association may not delegate a power or duty under Section 462.101 (a)(2), 462.151 , 462.154 , 462.155 , or 462.302 (d) under this section. (c) The association shall: (1) reimburse the corporation or other organization as a servicing facility would be reimbursed; and (2) pay the corporation or other organization for the performance of any other functions of the association. (d) A contract entered into under this section is subject to the performance standards imposed under Section 442.112. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.462.109
What does The Texas Constitution § IN.462.109 cover?
Section IN.462.109 ("DELEGATION OF POWERS AND DUTIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.462.109?
A common citation format is "The Texas Constitution § IN.462.109" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.462.109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.