Tex. Finance Code § 66.253
NOTICE OF CLOSING
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 66.253, NOTICE OF CLOSING, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645490
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Full text
(a) Immediately after an association is closed by its board or by the commissioner under this subchapter, the commissioner shall post at the main entrance of the association an appropriate notice of the closure. After notice is posted, a judgment lien, attachment lien, or other voluntary lien may not attach to an asset of the association, and a director or an officer or agent of the association may not:
(1) act for the association; or
(2) convey, transfer, assign, pledge, mortgage, or encumber an asset of the association.
(b) An attempt to take an action prohibited under Subsection (a)(2) after the notice is posted or in anticipation of posting the notice, including preferring in any manner a depositor or creditor of the association, is void.