PLACEMENT OF ASSOCIATION UNDER CONSERVATORSHIP.
Tex. FIN Code § 66.151.
in effectIf the commissioner does not approve a plan to continue the operation of an association under Section 66.108 , the conservator shall continue to manage the affairs of the association unless the temporary conservatorship order is modified or vacated:
(1) by order of the commissioner; or
(2) as a result of judicial review.
