Texas Finance Code
§ 36.002 — REMEDIES EXCLUSIVE
FI § 36.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 36. DISSOLUTION AND RECEIVERSHIP · Art. A. GENERAL PROVISIONS
Statute text
View on source(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.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.