Sec. 96.154. TRANSFER OF MANAGEMENT OF REHABILITATED SAVINGS BANK. If the savings bank is rehabilitated to the satisfaction of the commissioner, the conservator shall return the management of the savings bank to the savings bank's board under terms that are reasonable and necessary to prevent a recurrence of the conditions that created the need for conservatorship.
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