Texas § FI.66.152 - DUTIES OF CONSERVATOR
Full text of Texas The Texas Constitution § FI.66.152 — DUTIES OF CONSERVATOR, with citation guidance and answers to common questions.
§ FI.66.152. DUTIES OF CONSERVATOR
DUTIES OF CONSERVATOR. (a) The conservator and any deputy or assistant conservator appointed by the commissioner, under the direction and supervision of the commissioner, shall: (1) take possession and control of the books, records, property, assets, liabilities, and business of the association; and (2) conduct the business and affairs of the association. (b) The conservator shall: (1) undertake to remove the causes and conditions that made the conservatorship necessary; and (2) during the conservatorship, report to the commissioner as required by the commissioner. (c) The conservator shall take measures necessary to preserve, protect, and recover the assets or property of the association, including a claim or cause of action that belongs to or may be asserted by the association. The conservator may deal with that property in the capacity of conservator. (d) The conservator may file, prosecute, or defend a suit brought by or against the association if the conservator considers it necessary to protect the interested party or property affected by the suit. (e) A suit filed by the conservator under Subsection (c) must be brought in Travis County. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.66.152
What does The Texas Constitution § FI.66.152 cover?
Section FI.66.152 ("DUTIES OF CONSERVATOR") 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 § FI.66.152?
A common citation format is "The Texas Constitution § FI.66.152" (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 § FI.66.152 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.