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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 96.156: LIMITING ORDER DURING CONSERVATORSHIP.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE C. SAVINGS BANKS
  4. CHAPTER 96. SUPERVISION AND REGULATION
  5. SUBCHAPTER D. CONSERVATORSHIP

(a) During a conservatorship, the commissioner by order may impose limitations on withdrawals from deposit accounts if the commissioner determines that the interests of deposit account holders and creditors of the savings bank are best protected by the limitations.

(b) An order under this section:

(1) must detail the limitations imposed;

(2) must contain a reasonably detailed statement of the facts on which the order is based; and

(3) becomes effective when served on the conservator.

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

Collected 2026-08-27T01:47:13Z. Source file · JSON

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