LegalFix

Section 63.007. Right to Act to Avoid Loss

TX Fin Code § 63.007 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 63.007. RIGHT TO ACT TO AVOID LOSS. This subtitle or another statute of this state does not deny an association the right to invest its money, operate a business, manage or deal in property, or take other action during any period that is reasonably necessary to avoid loss on a prior loan or investment or on an obligation created in good faith.

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