{"data":{"id":"us-tx/tex.-finance-code-36.111","jurisdiction":"us-tx","citation":"Tex. Finance Code § 36.111","heading":"CLOSURE BY BANKING COMMISSIONER FOR INVOLUNTARY DISSOLUTION AND LIQUIDATION.","body":"The banking commissioner may close a state bank 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 bank's depositors and creditors; or\n(2) the bank is insolvent or imminently insolvent.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE A. BANKS","CHAPTER 36. DISSOLUTION AND RECEIVERSHIP","SUBCHAPTER B. VOLUNTARY DISSOLUTION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.36.htm#36.111","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"592fb3f78cb3ff7ec88d56c89b184b1a8b9a3503b04f213fcf79f31f999147ec","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-36.110","next":"us-tx/tex.-finance-code-36.112"},"notice":"GroundRules: Original legal text. Not legal advice."}