Texas Finance Code

§ 36.213 — INJUNCTION IN AID OF LIQUIDATION

FI § 36.213Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part A. BANKS · Ch. 36. DISSOLUTION AND RECEIVERSHIP · Art. C. INVOLUNTARY DISSOLUTION AND LIQUIDATION

Statute text

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(a)On application by the receiver, the court with or without notice may issue an injunction:

(1)restraining a bank officer, director, shareholder, 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;

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 57, eff. September 1, 2007.