Texas Statutes
Subchapter C. Involuntary Dissolution and Liquidation
Section 186.213. Injunction in Aid of Liquidation

Sec. 186.213. INJUNCTION IN AID OF LIQUIDATION. (a) On application by the receiver, the court with or without notice may issue an injunction:
(1) restraining each state trust company officer, director, manager, managing participant, employee, shareholder, participant, participant-transferee, trustee, agent, servant, employee, attorney, attorney-in-fact, accountant or accounting firm, correspondent, or other person from transacting the state trust company's business or wasting or disposing of its property; or
(2) requiring the delivery of the state trust company's property or assets to the receiver subject to the further order of the court.
(b) At any time during a proceeding under this subchapter, the court may issue another injunction or order considered necessary or desirable to prevent:
(1) interference with the receiver or the proceeding;
(2) waste of the assets of the state trust company;
(3) the beginning or prosecution of an action;
(4) the obtaining of a preference, judgment, attachment, garnishment, or other lien; or
(5) the making of a levy against the state trust company or against its assets.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.

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