{"data":{"id":"us-tx/tex.-finance-code-186.111","jurisdiction":"us-tx","citation":"Tex. Finance Code § 186.111","heading":"CLOSURE BY BANKING COMMISSIONER FOR INVOLUNTARY DISSOLUTION AND LIQUIDATION.","body":"The banking commissioner may close the state trust company for involuntary dissolution and liquidation under this chapter if the banking commissioner determines that:\n(1) the voluntary liquidation is:\n(A) being conducted in an improper or illegal manner; or\n(B) not in the best interests of the state trust company's clients and creditors; or\n(2) the state trust company is insolvent or imminently insolvent.\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 B. VOLUNTARY DISSOLUTION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.186.htm#186.111","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"5ccdf231016b3fc1701e0d2c304d0352ea794bc8aeab8e77bbc474966b82eaec","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-186.110","next":"us-tx/tex.-finance-code-186.112"},"notice":"GroundRules: Original legal text. Not legal advice."}