Texas Finance Code
§ 35.0035 — REMOVAL OR PROHIBITION ORDERS IN RESPONSE TO CERTAIN CRIMINAL OFFENSES
FI § 35.0035Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 35. ENFORCEMENT ACTIONS · Art. A. ENFORCEMENT ORDERS: BANKS AND MANAGEMENT
Statute text
View on source(a)For purposes of this section, a person is considered to have been finally convicted of an offense if the person's case is not subject to further appellate review and:
(1)a sentence was imposed on the person;
(2)the person received probation or community supervision, including deferred adjudication community supervision; or
(3)the court deferred final disposition of the person's case.
(b)The banking commissioner has grounds to remove or prohibit a present or former officer, director, or employee of a state bank from office or employment in, or prohibit a controlling shareholder or other person participating in the affairs of a state bank from further participation in the affairs of, a state bank or any other entity chartered, registered, permitted, or licensed by the banking commissioner if the person has been finally convicted of a felony offense involving:
(1)a bank or other financial institution;
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Legislative history
Acts 2019, 86th Leg., R.S., Ch. 20 (S.B. 614), Sec. 14, eff. September 1, 2019.