Texas Finance Code - Section 36.002. Remedies Exclusive
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Texas Lawyer > Finance Code > Texas Finance Code - Section 36.002. Remedies Exclusive
§ 36.002. REMEDIES EXCLUSIVE. (a) Unless the banking
commissioner so requests, a court may not:
(1) order the closing or suspension of operation of a
state bank; or
(2) appoint for a state bank a receiver, supervisor,
conservator, liquidator, or other person with similar
responsibility.
(b) A person may not be designated a receiver, supervisor,
conservator, or liquidator without the voluntary approval of the
banking commissioner.
(c) This chapter prevails over any conflicting law of this
state.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 35.208 35.209 35.210 35.211 35.212 35.213 36.001 36.002 36.003 36.004 36.005 36.101 36.102 36.103 36.104
Last modified: August 10, 2007
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