Texas § FI.66.356 - TITLE AND CUSTODY OF ASSOCIATION'S ASSETS
Full text of Texas The Texas Constitution § FI.66.356 — TITLE AND CUSTODY OF ASSOCIATION'S ASSETS, with citation guidance and answers to common questions.
§ FI.66.356. TITLE AND CUSTODY OF ASSOCIATION'S ASSETS
TITLE AND CUSTODY OF ASSOCIATION'S ASSETS. (a) The property and assets of the association are in the custody of the court from the date the receivership begins. (b) The receiver and a receiver's successor in office have title to all property, contracts, and rights of action of the association, wherever located, beginning on the date the order directing the receiver to take possession is entered. The title of the receiver relates back to the date the liquidation of the association begins unless the court provides otherwise. (c) The filing or recording of the order in a record office of the state has the same effect for notice purposes as a filed or recorded deed, bill of sale, or other evidence of title. (d) If the court considers it desirable to protect the assets of the association, the court may require a bond from the receiver, in an amount set by the court, to be paid from the association's assets. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. SUBCHAPTER I. MISCELLANEOUS PROVISIONS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.66.356
What does The Texas Constitution § FI.66.356 cover?
Section FI.66.356 ("TITLE AND CUSTODY OF ASSOCIATION'S ASSETS") 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.66.356?
A common citation format is "The Texas Constitution § FI.66.356" (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.66.356 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.