Texas § 186.002 REMEDIES EXCLUSIVE.

Texas Statutes

§ 186.002 — REMEDIES EXCLUSIVE.

Texas § 186.002

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 186.002 (2026).

Text

Sec. 186.002. REMEDIES EXCLUSIVE.

(a)Unless the banking commissioner so requests, a court may not:

(1)order the closing or suspension of operation of a state trust company; or

(2)appoint for a state trust company a receiver, supervisor, conservator, or liquidator, or other person with similar responsibility.

(b)A person may not be designated receiver, supervisor, conservator, or liquidator without the voluntary approval and concurrence of the banking commissioner.

(c)This chapter prevails over any other conflicting law of this state.

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Sec. 186.002. REMEDIES EXCLUSIVE. (a) Unless the banking commissioner so requests, a court may not:
(1) order the closing or suspension of operation of a state trust company; or
(2) appoint for a state trust company a receiver, supervisor, conservator, or liquidator, or other person with similar responsibility.
(b) A person may not be designated receiver, supervisor, conservator, or liquidator without the voluntary approval and concurrence of the banking commissioner.
(c) This chapter prevails over any other conflicting law of this state.