This law allows the commissioner to appoint the National Credit Union Administration as the liquidating agent for closed credit unions whose deposits were insured. It ensures a structured process for handling the assets and liabilities of such credit unions.
Applies to closed credit unions with insured deposits.
Commissioner can appoint the National Credit Union Administration.
Facilitates the liquidation process for affected credit unions.
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In simple terms: Learn about Texas's NATIONAL CREDIT UNION ADMINISTRATION AS 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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