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Texas Finance Code - FIN § 37.001. Definition

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

In this chapter, “emergency” means a condition or occurrence that may interfere physically with the conduct of normal business at the offices of a bank or with the conduct of a particular bank operation, or that poses an imminent or existing threat to the safety or security of persons or property, including:

(1) fire, flood, earthquake, hurricane, tornado, or wind, rain, or snow storm;

(2) labor dispute or strike;

(3) power failure, transportation failure, or interruption of communication facilities;

(4) shortage of fuel, housing, food, transportation, or labor;

(5) robbery, burglary, or attempted robbery or burglary;

(6) epidemic or other catastrophe;  or

(7) riot, civil commotion, enemy attack, or other actual or threatened act of lawlessness or violence.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 37.001. Definition - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-37-001/

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