Sec. 186.212. OBTAINING RECORD OR OTHER PROPERTY IN POSSESSION OF OTHER PERSON. (a) Each state trust company affiliate, officer, director, manager, managing participant, employee, shareholder, participant, participant-transferee, trustee, agent, servant, employee, attorney, attorney-in-fact, or correspondent shall immediately deliver to the receiver, without cost to the receiver, any record or other property of the state trust company or that relates to the business of the state trust company.
(b) If by contract or otherwise a record or other property that can be copied is the property of a person listed in Subsection (a), it shall be copied and the copy shall be delivered to the receiver. The owner shall retain the original until notification by the receiver that it is no longer required in the administration of the state trust company's estate or until another time the court, after notice and hearing, directs. The copy is considered to be a record of the state trust company in liquidation under Section 186.225.
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 186 - Dissolution and Receivership
Subchapter C. Involuntary Dissolution and Liquidation
Section 186.201. Action to Close State Trust Company
Section 186.202. Notice and Effect of Closure; Appointment of Receiver
Section 186.203. Nature and Duration of Receivership
Section 186.204. Contest of Liquidation
Section 186.205. Notice of State Trust Company Closing
Section 186.207. Receiver's Title and Priority
Section 186.210. Pending Lawsuit
Section 186.212. Obtaining Record or Other Property in Possession of Other Person
Section 186.213. Injunction in Aid of Liquidation
Section 186.215. Executory Contract; Oral Agreement
Section 186.217. Employees of Receiver
Section 186.218. Disposal of Property; Settling of Claim
Section 186.219. Court Order; Notice and Hearing
Section 186.220. Receiver's Reports; Expenses
Section 186.221. Court-Ordered Audit
Section 186.222. Safe Deposits and Other Bailments
Section 186.223. Fiduciary Activities
Section 186.224. Disposition and Maintenance of Records
Section 186.225. Records Admitted
Section 186.226. Resumption of Business
Section 186.227. Assets Discovered After Close of Receivership