yourstate.us
Home / Texas / Finance Code
Tex. Finance Code § 35.101

ORDER OF SUPERVISION

Texas · Texas Finance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Finance Code § 35.101, ORDER OF SUPERVISION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645153
Permanent ID
ys:prov:645153@1
SHA-256
32937cc61366dcbd7d5293444474f3ed38b3425f5b31945c8b0cdf1945d9a7c2

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) The banking commissioner by order may appoint a supervisor over a state bank if the banking commissioner determines from examination or other credible evidence that the bank is in hazardous condition and that an order of supervision appears to be necessary and in the best interest of the bank and its depositors, creditors, and shareholders, or the public. (b) The banking commissioner may issue the order without prior notice. (c) Subject to Subsection (d), a supervisor serves until the earlier of: (1) the expiration of the period stated in the order of supervision; or (2) the date the banking commissioner determines that the requirements for abatement of the order have been satisfied. (d) The banking commissioner may terminate an order of supervision at any time.