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Texas Finance Code - FIN § 185.111. Suit Filed Against or on Behalf of State Trust Company Under Supervision or Conservatorship

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A suit filed against a state trust company while the state trust company is under conservatorship, or against a person in connection with an action taken or decision made by that person as a supervisor or conservator of a state trust company, must be brought in Travis County regardless of whether the state trust company remains under an order of supervision or conservatorship.

(b) A conservator may sue a person on the trust company's behalf to preserve, protect, or recover state trust company assets, including claims or causes of action.  The suit may be in:

(1) Travis County;  or

(2) another location where jurisdiction and venue against that person may be obtained under law.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 185.111. Suit Filed Against or on Behalf of State Trust Company Under Supervision or Conservatorship - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-185-111/

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