Sec. 35.112. DURATION. A supervisor or conservator serves for the period necessary to accomplish the purposes of the supervision or conservatorship as intended by this subchapter. A rehabilitated bank shall be returned to its former or new management under conditions reasonable and necessary to prevent recurrence of the conditions causing the supervision or conservatorship.
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 B. Supervision and Conservatorship
Section 35.1001. Applicability to Bank Subsidiaries
Section 35.101. Order of Supervision
Section 35.102. Order of Conservatorship
Section 35.103. Notice and Hearing
Section 35.104. Post-Hearing Order
Section 35.105. Confidentiality of Records
Section 35.106. Authority of Supervisor
Section 35.107. Authority of Conservator
Section 35.108. Qualifications of Appointee
Section 35.110. Review of Supervisor or Conservator Decision