{"data":{"id":"us-tx/tex.-finance-code-96.101","jurisdiction":"us-tx","citation":"Tex. Finance Code § 96.101","heading":"INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.","body":"(a) The commissioner may intervene in the affairs of a savings bank if the savings bank or a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank:\n(1) engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the savings bank; or\n(2) violates or is about to violate:\n(A) the articles of incorporation or bylaws of the savings bank;\n(B) a law or supervisory order applicable to the savings bank; or\n(C) a condition that the commissioner or the finance commission has imposed on the savings bank by written order, directive, or agreement.\n(b) The commissioner may intervene in the affairs of a savings bank if a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank violates or is about to violate an order or instruction of the commissioner or a conservator or supervisor in charge of the savings bank's affairs.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE C. SAVINGS BANKS","CHAPTER 96. SUPERVISION AND REGULATION","SUBCHAPTER C. SUPERVISORY INTERVENTION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.96.htm#96.101","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"50a05e6de0ebc8f2983eead56006f1d5be06b5f2a9ca5999e7de62b67aa173e6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-96.057","next":"us-tx/tex.-finance-code-96.102"},"notice":"GroundRules: Original legal text. Not legal advice."}