Texas Finance Code 66.352 – Duties of Receiver
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Terms Used In Texas Finance Code 66.352
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.