Tex. Fin. Code § 185.104 · Subchapter B. SUPERVISION AND CONSERVATORSHIP
POST-HEARING ORDER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If after the hearing the banking commissioner finds that the state trust company has been rehabilitated, that its hazardous condition has been remedied, that irreparable harm is no longer threatened, or that the state trust company should otherwise be released from the order, the banking commissioner shall release the state trust company from the order, subject to conditions the banking commissioner from the evidence believes are warranted to preserve the safety and soundness of the state trust company.
(b) If after the hearing the banking commissioner finds that the state trust company has failed to comply with the lawful requirements of the banking commissioner, has not been rehabilitated, is insolvent, or otherwise continues in hazardous condition, the banking commissioner by order shall:
(1) appoint or reappoint a supervisor pursuant to Section 185.101;
(2) appoint or reappoint a conservator pursuant to Section 185.102; or
(3) take other appropriate action authorized by law.
(c) An order issued under Subsection (b) is immediately final for purposes of appeal. The order may be appealed as provided by Sections 181.202 and 181.204.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 20 (S.B. 614), Sec. 27, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.185.htm
- Text hash
- sha256 30b6fcb2e9c9e4bdd72624a597b14a0f7b8eecf00c95f6b25d075408e0732c6f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Finance Code
- Tex. Fin. Code § 181.202APPEAL OF BANKING COMMISSIONER DECISION OR ORDER.Printed as Sections 181.202 and 181.204
- Tex. Fin. Code § 181.204APPEAL TO DISTRICT COURT.Printed as Sections 181.202 and 181.204
- Tex. Fin. Code § 185.101ORDER OF SUPERVISION.Printed as Section 185.101
- Tex. Fin. Code § 185.102ORDER OF CONSERVATORSHIP.Printed as Section 185.102
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.