Tex. Fin. Code § 96.105 · Subchapter C. SUPERVISORY INTERVENTION
TEMPORARY SUPERVISORY ORDER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the commissioner has reasonable cause to believe that one or more grounds for intervention under Sections 96.101-96.104 exist or are imminent, the commissioner may issue without notice and hearing one or more of the following types of temporary supervisory orders to correct and eliminate the grounds for supervisory action:
(1) an order to cease and desist from continuing a particular action, an order to take affirmative action, or both;
(2) an order suspending or prohibiting a person who participates in the affairs of the savings bank from further participating in the affairs of the savings bank or another savings bank;
(3) an order requiring divestiture of control of a savings bank obtained under Subchapter L, Chapter 92;
(4) an order requiring a person who participates in the affairs of the savings bank or another savings bank to forfeit and pay an administrative penalty in an amount of not more than $25,000; or
(5) an order placing the affairs of the savings bank under the control of a conservator designated in the order, who may take possession and control of the books, records, assets, liabilities, and business of the savings bank and manage the savings bank under the direction of the commissioner.
(b) An order under this section:
(1) must contain a reasonably detailed statement of the facts on which the order is based; and
(2) takes effect when issued.
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 40c79515f465af662dc5b68ed3dbece2fc783316b4b0f92ec50df62db272609b
- 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 ch. 92, subch. LCHANGE OF CONTROL OF SAVINGS BANKPrinted as Subchapter L, Chapter 92
- Tex. Fin. Code § 96.101INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.Printed as Sections 96.101-96.104
- Tex. Fin. Code § 96.104INTERVENTION RELATING TO EXAMINATION OF AFFAIRS.Printed as Sections 96.101-96.104
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 96.105. 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.