121.006 – PROCEDURE AND RULES APPLICABLE TO CERTAIN
Texas Finance Code § 121.006
Summary
This law outlines the procedure for a credit union in Texas to contest the revocation of its certificate of incorporation. It ensures that the credit union has the right to a hearing before the State Office of Administrative Hearings if such action is proposed by the commissioner.
Credit unions can contest certificate revocation through a hearing.
Proceedings follow Chapter 2001 of the Government Code.
Commission rules must align with established Government Code practices.
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In simple terms: Learn about Texas's PROCEDURE AND RULES APPLICABLE TO CERTAIN law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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