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Texas Finance Code - Section 36.212. Requiring Record Or Other Property In Possession Of Other Person

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 36.212. Requiring Record Or Other Property In Possession Of Other Person

§ 36.212. REQUIRING RECORD OR OTHER PROPERTY IN 
POSSESSION OF OTHER PERSON.  (a) Each bank affiliate, officer, 
director, manager, managing participant, shareholder, participant, 
participant-transferee, trustee, agent, servant, employee, 
attorney, attorney-in-fact, or correspondent shall immediately 
deliver to the receiver, without cost to the receiver, any record or 
other property of the bank or that relates to the business of the 
bank.
	(b)  If by contract or otherwise a record or other property 
that can be copied is the property of a person listed in Subsection 
(a), it shall be copied and the copy shall be delivered to the 
receiver.  The owner shall retain the original until notification 
by the receiver that it is no longer required in the administration 
of the bank's estate or until another time the court, after notice 
and hearing, directs.  A copy is considered to be a record of the 
bank in liquidation under Section 36.225.

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007