Sec. 66.101. INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES. The commissioner may intervene in the affairs of an association if the association or a person who participates in the affairs of the association or a subsidiary of the association:
(1) engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the association; or
(2) violates or is about to violate:
(A) the articles of incorporation or bylaws of the association;
(B) a law or supervisory order applicable to the association; or
(C) a condition that the commissioner or the finance commission has imposed on the association by written order or agreement.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Chapter 66 - Enforcement and Regulation
Subchapter C. Supervisory Intervention
Section 66.101. Intervention for Violations and Unsafe and Unsound Practices
Section 66.102. Intervention for Filing Inappropriate Information
Section 66.103. Intervention for Activity Resulting in Actual or Potential Loss
Section 66.104. Intervention Relating to Examination of Affairs
Section 66.105. Temporary Supervisory Order
Section 66.106. Service of Temporary Supervisory Order
Section 66.107. Hearing on Temporary Supervisory Order; Final Order
Section 66.108. Plan of Operation of Association After Order of Temporary Conservatorship
Section 66.109. Enforcement of Supervisory Order
Section 66.110. Stay of Supervisory Order
Section 66.111. Disclosure of Information in Supervisory Order; Confidentiality