Sec. 185.111. SUIT FILED AGAINST OR ON BEHALF OF STATE TRUST COMPANY UNDER SUPERVISION OR CONSERVATORSHIP. (a) A suit filed against a state trust company while the state trust company is under conservatorship, or against a person in connection with an action taken or decision made by that person as a supervisor or conservator of a state trust company, must be brought in Travis County regardless of whether the state trust company remains under an order of supervision or conservatorship.
(b) A conservator may sue a person on the trust company's behalf to preserve, protect, or recover state trust company assets, including claims or causes of action. The suit may be in:
(1) Travis County; or
(2) another location where jurisdiction and venue against that person may be obtained under law.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 185 - Enforcement Actions
Subchapter B. Supervision and Conservatorship
Section 185.1001. Applicability to State Trust Company Subsidiaries
Section 185.101. Order of Supervision
Section 185.102. Order of Conservatorship
Section 185.104. Post-Hearing Order
Section 185.105. Confidentiality of Records
Section 185.106. Duties of State Trust Company Under Supervision
Section 185.107. Powers and Duties of Conservator
Section 185.108. Qualifications of Appointee
Section 185.110. Review of Supervisor or Conservator Decisions