Texas § FI.126.155 - POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY
Full text of Texas The Texas Constitution § FI.126.155 — POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY, with citation guidance and answers to common questions.
§ FI.126.155. POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY
POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY. (a) The conservator may take measures necessary to preserve, protect, and recover the assets or property of the credit union, including filing a lawsuit against any person. (b) An asset or property of the credit union includes a claim or cause of action that belongs to or that may be asserted by the credit union. (c) 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 credit union if the conservator considers it necessary to protect the interested party or property affected by the suit. 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.126.155
What does The Texas Constitution § FI.126.155 cover?
Section FI.126.155 ("POWER TO PROTECT, PRESERVE, AND RECOVER PROPERTY") 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.126.155?
A common citation format is "The Texas Constitution § FI.126.155" (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.126.155 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.