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Tex. Finance Code § 96.201

PLACEMENT OF SAVINGS BANK UNDER VOLUNTARY SUPERVISORY CONTROL

Texas · Texas Finance Code · Status: effective

Banking, Finance & Insurance
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Tex. Finance Code § 96.201, PLACEMENT OF SAVINGS BANK UNDER VOLUNTARY SUPERVISORY CONTROL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645773
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(a) A savings bank's board may consent to the commissioner's placement of the savings bank under supervisory control. (b) The commissioner may appoint the supervisor and one or more deputy supervisors. (c) Supervisory control continues until the conditions for which the supervisory control was imposed are corrected.