Tex. Finance Code § 66.104
INTERVENTION RELATING TO EXAMINATION OF AFFAIRS
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 66.104, INTERVENTION RELATING TO EXAMINATION OF AFFAIRS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645467
- Permanent ID
ys:prov:645467@1- SHA-256
c8a2a389d0a0d03d64a37f9ec892fbc5c5a2942d776bb649da1ad6571d67cd09
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 commissioner may intervene in the affairs of an association if a person who participates in the affairs of the association or a subsidiary or savings and loan holding company of the association:
(1) refuses or is about to refuse to submit to interrogation under oath by the commissioner or the commissioner's agent with respect to the association's affairs; or
(2) materially alters, conceals, removes, or falsifies or is about to materially alter, conceal, remove, or falsify a book or record of the association or a subsidiary of the association.
(b) The commissioner may intervene in the affairs of an association if the association:
(1) fails to maintain books and records from which the true financial condition of the association or the state of the association's affairs can be determined; or
(2) refuses to direct a person having possession of the books, papers, records, or accounts of the association or the association's subsidiary to permit the commissioner or the commissioner's authorized representative to inspect or examine those documents or accounts.