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Texas Finance Code

§ 96.158 — EFFECT OF LIMITING ORDER

FI § 96.158Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part C. SAVINGS BANKS · Ch. 96. SUPERVISION AND REGULATION · Art. D. CONSERVATORSHIP

Statute text

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(a)Immediately after receiving a limiting order, the conservator shall post a copy of the order at the main entrance of the savings bank.
(b)A deposit account withdrawal that violates a limiting order may not be permitted after the conservator posts the order.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.