126.205 – HEARING ON INJUNCTION; APPEAL. (a) The court,
Texas Finance Code § 126.205
Summary
This law mandates a prompt court hearing regarding injunctions related to the liquidation of a credit union's assets. It ensures that the commissioner retains control of the assets during any appeals process, regardless of the trial court's judgment.
Court must quickly hear injunction suits against asset liquidation.
Commissioner retains control of assets during appeals.
Judgment does not affect the commissioner's possession of assets.
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In simple terms: Learn about Texas's HEARING ON INJUNCTION; APPEAL. (a) The court, 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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