Sec. 96.151. PLACEMENT OF SAVINGS BANK UNDER CONSERVATORSHIP. If the commissioner does not approve a plan to continue the operation of a savings bank under Section 96.108, the conservator shall continue to manage the affairs of the savings bank unless the temporary conservatorship order is modified or vacated:
(1) by order of the commissioner; or
(2) as a result of judicial review.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 96 - Supervision and Regulation
Section 96.151. Placement of Savings Bank Under Conservatorship
Section 96.152. Duties of Conservator
Section 96.153. Term of Conservator
Section 96.154. Transfer of Management of Rehabilitated Savings Bank
Section 96.155. Scope of Authority of Other Persons During Conservatorship
Section 96.156. Limiting Order During Conservatorship
Section 96.157. Service of Limiting Order
Section 96.158. Effect of Limiting Order
Section 96.159. Hearing on Limiting Order; Final Order
Section 96.160. Stay of Limiting Order