126.259 – JURISDICTION AND VENUE. (a) A suit against a
Texas Finance Code § 126.259
Summary
This law establishes that legal actions against a credit union or its liquidating agent during liquidation must be filed in Travis County. It also allows the liquidating agent to initiate lawsuits in the same venue to manage the credit union's assets or claims.
Suits against credit unions during liquidation must be in Travis County.
Liquidating agents can file suits to protect credit union assets.
Assets include claims or causes of action belonging to the credit union.
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In simple terms: Learn about Texas's JURISDICTION AND VENUE. (a) A suit against 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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