Sec. 35.008. LIMITATION ON ACTION. The banking commissioner may not initiate an enforcement action under this subchapter later than the fifth anniversary of the date the banking commissioner discovered or reasonably should have discovered the conduct involved.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 35 - Enforcement Actions
Subchapter A. Enforcement Orders: Banks and Management
Section 35.0001. Applicability to Bank Subsidiaries
Section 35.001. Determination Letter
Section 35.002. Cease and Desist Order
Section 35.003. Removal or Prohibition Order
Section 35.0035. Removal or Prohibition Orders in Response to Certain Criminal Offenses
Section 35.004. Hearing on Proposed Order
Section 35.005. Emergency Order
Section 35.006. Copy of Letter or Order in Bank Records
Section 35.007. Effect of Final Removal or Prohibition Order
Section 35.0071. Application for Release From Final Removal or Prohibition Order
Section 35.008. Limitation on Action
Section 35.009. Enforcement by Commissioner
Section 35.010. Administrative Penalty
Section 35.011. Payment or Appeal of Administrative Penalty