yourstate.us
Home / Texas / Finance Code
Tex. Finance Code § 35.102

ORDER OF CONSERVATORSHIP

Texas · Texas Finance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Finance Code § 35.102, ORDER OF CONSERVATORSHIP, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645154
Permanent ID
ys:prov:645154@1
SHA-256
4e18541d6c9c93d91a0ac99ba536076caf1fedaa643b193b3527665eba8818c3

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 conservator for a state bank if the banking commissioner determines from examination or other credible evidence that the bank is in hazardous condition and immediate and irreparable harm is threatened to the bank, its depositors, creditors, or shareholders, or the public. (b) The banking commissioner may issue the order without prior notice at any time before, during, or after the period of supervision. (c) An order of conservatorship issued under this section must specifically state the basis for the order.