Tex. Fin. Code § 96.156 · Subchapter D. CONSERVATORSHIP
LIMITING ORDER DURING CONSERVATORSHIP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) During a conservatorship, the commissioner by order may impose limitations on withdrawals from deposit accounts if the commissioner determines that the interests of deposit account holders and creditors of the savings bank are best protected by the limitations.
(b) An order under this section:
(1) must detail the limitations imposed;
(2) must contain a reasonably detailed statement of the facts on which the order is based; and
(3) becomes effective when served on the conservator.
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 45cdd3a2eb701d02d3030f521160cd3823c16678f99b54125fab418960230135
- 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.