{"data":{"id":"us-tx/tex.-finance-code-186.002","jurisdiction":"us-tx","citation":"Tex. Finance Code § 186.002","heading":"REMEDIES EXCLUSIVE.","body":"(a) Unless the banking commissioner so requests, a court may not:\n(1) order the closing or suspension of operation of a state trust company; or\n(2) appoint for a state trust company a receiver, supervisor, conservator, or liquidator, or other person with similar responsibility.\n(b) A person may not be designated receiver, supervisor, conservator, or liquidator without the voluntary approval and concurrence of the banking commissioner.\n(c) This chapter prevails over any other conflicting law of this state.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 186. DISSOLUTION AND RECEIVERSHIP","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.186.htm#186.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"a8d48e10fe25ceccd51197296ba1cb940359290cf580e03029398e842a819c4f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-186.001","next":"us-tx/tex.-finance-code-186.003"},"notice":"GroundRules: Original legal text. Not legal advice."}