Tex. Fin. Code § 66.108

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 66.108 - Plan of Operation of Association After Order of Temporary Conservatorship
(a) Before or during a hearing under Section 66.107 on a temporary supervisory order placing an association under the control of a conservator, the board of the association may present to the commissioner a plan to continue the operation of the association in a manner that will correct or eliminate the grounds on which the order is based.
(b) If the commissioner approves the plan or a modification of the plan, the commissioner shall vacate the order placing the association under conservatorship, conditioned on the implementation and diligent prosecution of the plan.

Tex. Fin. Code § 66.108

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.