Texas Finance Code
§ 186.213 — INJUNCTION IN AID OF LIQUIDATION
FI § 186.213Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 186. DISSOLUTION AND RECEIVERSHIP · Art. C. INVOLUNTARY DISSOLUTION AND LIQUIDATION
Statute text
View on source(a)On application by the receiver, the court with or without notice may issue an injunction:
(1)restraining each state trust company officer, director, manager, managing participant, employee, shareholder, participant, participant-transferee, trustee, agent, servant, employee, attorney, attorney-in-fact, accountant or accounting firm, correspondent, or other person from transacting the state trust company's business or wasting or disposing of its property; or
(2)requiring the delivery of the state trust company'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 state trust company;
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Legislative history
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.