Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) Unless the banking commissioner so requests, a court may not:
(1) order the closing or suspension of operation of a state bank; or
(2) appoint for a state bank a receiver, supervisor, conservator, liquidator, or other person with similar responsibility.
(b) A person may not be designated a receiver, supervisor, conservator, or liquidator without the voluntary approval of the banking commissioner.
(c) This chapter prevails over any conflicting law of this state.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 36.002. Remedies Exclusive - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-36-002.html
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