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Texas Finance Code - Section 66.352. Duties Of Receiver

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 66.352. Duties Of Receiver

§ 66.352. DUTIES OF RECEIVER.  On appointment, the 
receiver shall:        
		(1)  immediately take charge of the affairs of the 
association, subject to the direction of the court;  and
		(2)  conduct the business of the association or act as 
necessary to conserve the assets and protect the rights of the 
depositors or creditors and shareholders and members of the 
association.

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

Last modified: August 10, 2007