Texas Finance Code - Section 36.213. Injunction In Aid Of Liquidation
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Texas Lawyer > Finance Code > Texas Finance Code - Section 36.213. Injunction In Aid Of Liquidation
§ 36.213. INJUNCTION IN AID OF LIQUIDATION. (a) On
application by the receiver, the court with or without notice may
issue an injunction:
(1) restraining a bank officer, director, manager,
managing participant, shareholder, participant,
participant-transferee, trustee, agent, servant, employee,
attorney, attorney-in-fact, correspondent, or other person from
transacting the bank's business or wasting or disposing of its
property; or
(2) requiring the delivery of the bank's property or
assets to the receiver subject to the further order of the court.
(b) At any time during a proceeding under this subchapter,
the court may issue another injunction or order considered
necessary or desirable to prevent:
(1) interference with the receiver or the proceeding;
(2) waste of the assets of the bank;
(3) the beginning or prosecution of an action;
(4) the obtaining of a preference, judgment,
attachment, garnishment, or other lien; or
(5) the making of a levy against the bank or its
assets.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 36.206 36.207 36.208 36.209 36.210 36.211 36.212 36.213 36.214 36.215 36.216 36.217 36.218 36.219 36.220
Last modified: August 10, 2007
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