126.202 – SERVICE OF ORDER. The commissioner shall serve a
Texas Finance Code § 126.202
Summary
This law outlines the process by which the commissioner must serve a liquidation order, mirroring the procedures for serving a conservatorship order. It affects entities under the jurisdiction of the commissioner during liquidation proceedings.
Commissioner must serve liquidation orders similarly to conservatorship orders.
Ensures consistency in legal processes for financial entities.
Applies to entities undergoing liquidation under the commissioner's authority.
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In simple terms: Learn about Texas's SERVICE OF ORDER. The commissioner shall serve a 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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