Tex. Fin. Code § 96.101 · Subchapter C. SUPERVISORY INTERVENTION
INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may intervene in the affairs of a savings bank if the savings bank or a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank:
(1) engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the savings bank; or
(2) violates or is about to violate:
(A) the articles of incorporation or bylaws of the savings bank;
(B) a law or supervisory order applicable to the savings bank; or
(C) a condition that the commissioner or the finance commission has imposed on the savings bank by written order, directive, or agreement.
(b) The commissioner may intervene in the affairs of a savings bank if a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank violates or is about to violate an order or instruction of the commissioner or a conservator or supervisor in charge of the savings bank's affairs.
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.96.htm
- Text hash
- sha256 dc8bab20f7324d265fc019dc4f848c4c797a8753dd0fe2b7d6f6909897954304
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 96.101. Each shows the citation as that text prints it.
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.