Current as of April 14, 2021 | Updated by FindLaw Staff
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A member, transferee of a member, or manager of a limited savings bank is not liable for a debt, obligation, or liability of the limited savings bank, including a debt, obligation, or liability under a judgment, decree, or order of a court. A member or a manager of a limited savings bank is not a proper party to a proceeding by or against a limited savings bank unless the object of the proceeding is to enforce a member's or manager's right against or liability to a limited savings bank.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 92.602. Liability of Members and Managers - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-92-602.html
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