{"data":{"id":"us-tx/tex.-finance-code-35.106","jurisdiction":"us-tx","citation":"Tex. Finance Code § 35.106","heading":"AUTHORITY OF SUPERVISOR.","body":"During a period of supervision, a bank, without the prior approval of the banking commissioner or the supervisor or as otherwise permitted or restricted by the order of supervision, may not:\n(1) dispose of, sell, transfer, convey, or encumber the bank's assets;\n(2) lend or invest the bank's money;\n(3) incur a debt, obligation, or liability;\n(4) pay a dividend to the bank's shareholders;\n(5) remove an executive officer or director, change the number of executive officers or directors, or have any other change in the position of executive officer or director; or\n(6) engage in any other activity determined by the banking commissioner to threaten the safety and soundness of the bank.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 47, eff. September 1, 2007.\nActs 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 10, eff. June 14, 2013.\nActs 2023, 88th Leg., R.S., Ch. 989 (H.B. 3574), Sec. 7, eff. June 18, 2023.\nActs 2025, 89th Leg., R.S., Ch. 638 (H.B. 3804), Sec. 3, eff. June 20, 2025.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE A. BANKS","CHAPTER 35. ENFORCEMENT ACTIONS","SUBCHAPTER B. SUPERVISION AND CONSERVATORSHIP"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.35.htm#35.106","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"3473514ebc33579a2c6d571ebcf3d20498a6221a7adc23c09583752cca09bcbe","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-35.105","next":"us-tx/tex.-finance-code-35.107"},"notice":"GroundRules: Original legal text. Not legal advice."}