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Current as of January 01, 2024 | Updated by Findlaw Staff
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 January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-92-602/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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