Sec. 185.113. ADMINISTRATIVE ELECTION OF REMEDIES. The banking commissioner may take any action authorized under Chapter 186 regardless of the existence of supervision or conservatorship. A period of supervision or conservatorship is not required before a trust company is closed for liquidation or other remedial action is taken.
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