Texas § FI.63.010 - EFFECT OF CLOSING
Full text of Texas The Texas Constitution § FI.63.010 — EFFECT OF CLOSING, with citation guidance and answers to common questions.
§ FI.63.010. EFFECT OF CLOSING
EFFECT OF CLOSING. (a) A day on which an association or one or more of its operations is closed under Section 63.009 during all or part of its normal business hours is considered to be a legal holiday to the extent the association suspends operations. (b) An association or a director, officer, or employee of the association does not incur liability or loss of rights from a closing authorized by this subtitle. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.63.010
What does The Texas Constitution § FI.63.010 cover?
Section FI.63.010 ("EFFECT OF CLOSING") 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.63.010?
A common citation format is "The Texas Constitution § FI.63.010" (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.63.010 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.