SECTION 95.205. State Not Liable for Any Deficiency

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Nothing in this chapter creates any liability upon this state for the payment of any funds to any credit union by reason of the acts or omissions of the NCUA or insuring organization, nor shall the state pay any deficiency of any credit union in the event the NCUA or insuring organization is unable to pay such deficiency.

Source Note: The provisions of this §95.205 adopted to be effective March 7, 2007, 32 TexReg 1066

                    
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