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Texas Finance Code - FIN § 36.002. Remedies Exclusive

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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: - Texas Finance Code - FIN § 36.002. Remedies Exclusive - last updated April 14, 2021 |

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