Tex. Fin. Code Section 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, Sec. 1, eff. Sept. 1, 1997.

Source: Section 63.007 — Right to Act to Avoid Loss, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­63.­htm#63.­007 (accessed May 11, 2024).

Accessed:
May 11, 2024

§ 63.007’s source at texas​.gov