Sec. 36.103. BANKING COMMISSIONER INVESTIGATION AND CONSENT. The banking commissioner shall review the documentation submitted under Section 36.102 and conduct any necessary investigation or examination. If the proceedings appear to have been properly conducted and the bond to be given by the liquidating agent or committee is adequate for its purposes, the banking commissioner shall consent to dissolution and direct the bank to publish notice of its pending dissolution.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 36 - Dissolution and Receivership
Subchapter B. Voluntary Dissolution
Section 36.101. Initiating Voluntary Dissolution
Section 36.102. Filing Resolutions With Banking Commissioner
Section 36.103. Banking Commissioner Investigation and Consent
Section 36.104. Notice of Pending Dissolution
Section 36.105. Safe Deposits and Other Bailments
Section 36.106. Offices to Remain Open
Section 36.107. Fiduciary Activities
Section 36.108. Final Liquidation
Section 36.109. Application of Law to Bank in Dissolution
Section 36.110. Authorization of Deviation From Procedures
Section 36.111. Closure by Banking Commissioner for Involuntary Dissolution and Liquidation