Tex. Finance Code § 35.113
ADMINISTRATIVE ELECTION OF REMEDIES
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 35.113, ADMINISTRATIVE ELECTION OF REMEDIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645165
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Full text
The banking commissioner may take any action authorized by Chapter 36 regardless of the existence of supervision or conservatorship. A period of supervision or conservatorship is not required before a bank is closed for liquidation or other remedial action is taken.