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Tex. Finance Code § 92.602

LIABILITY OF MEMBERS AND MANAGERS

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 92.602, LIABILITY OF MEMBERS AND MANAGERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645663
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A member, transferee of a member, or manager of a limited savings bank is not liable for a debt, obligation, or liability of the limited savings bank, including a debt, obligation, or liability under a judgment, decree, or order of a court. A member or a manager of a limited savings bank is not a proper party to a proceeding by or against a limited savings bank unless the object of the proceeding is to enforce a member's or manager's right against or liability to a limited savings bank.