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Texas Finance Code - Section 63.007. Right To Act To Avoid Loss

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 63.007. Right To Act To Avoid Loss

§ 63.007. RIGHT TO ACT TO AVOID LOSS.  This subtitle or 
another statute of this state does not deny an association the right 
to invest its money, operate a business, manage or deal in property, 
or take other action during any period that is reasonably necessary 
to avoid loss on a prior loan or investment or on an obligation 
created in good faith.

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007