Tex. Fin. Code § 35.106 · Subchapter B. SUPERVISION AND CONSERVATORSHIP
AUTHORITY OF SUPERVISOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
During a period of supervision, a bank, without the prior approval of the banking commissioner or the supervisor or as otherwise permitted or restricted by the order of supervision, may not:
(1) dispose of, sell, transfer, convey, or encumber the bank's assets;
(2) lend or invest the bank's money;
(3) incur a debt, obligation, or liability;
(4) pay a dividend to the bank's shareholders;
(5) remove an executive officer or director, change the number of executive officers or directors, or have any other change in the position of executive officer or director; or
(6) engage in any other activity determined by the banking commissioner to threaten the safety and soundness of the bank.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 47, eff. September 1, 2007.
Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 10, eff. June 14, 2013.
Acts 2023, 88th Leg., R.S., Ch. 989 (H.B. 3574), Sec. 7, eff. June 18, 2023.
Acts 2025, 89th Leg., R.S., Ch. 638 (H.B. 3804), Sec. 3, eff. June 20, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.35.htm
- Text hash
- sha256 124b0807bf24c26bfa0ef8d4e540e34d95e4687ed18a421c9babc756b4f5df25
- 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
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.