Tex. Fin. Code § 36.111 · Subchapter B. VOLUNTARY DISSOLUTION
CLOSURE BY BANKING COMMISSIONER FOR INVOLUNTARY DISSOLUTION AND LIQUIDATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The banking commissioner may close a state bank for involuntary dissolution and liquidation under this chapter if the banking commissioner determines that:
(1) the voluntary liquidation is:
(A) being conducted in an improper or illegal manner; or
(B) not in the best interests of the bank's depositors and creditors; or
(2) the bank is insolvent or imminently insolvent.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.36.htm
- Text hash
- sha256 6abd08bad44b067fee8a8ce4df9ea84f75bf27d413b2834f97afb8c3e3b54ce2
- 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.