§ 186.213 — INJUNCTION IN AID OF LIQUIDATION.

Texas § 186.213

• Jurisdiction: Texas
• Code FI: Finance Code

Text

Sec. 186.213. INJUNCTION IN AID OF LIQUIDATION. (a) On application by the receiver, the court with or without notice may issue an injunction:
(1) restraining each state trust company officer, director, manager, managing participant, employee, shareholder, participant, participant-transferee, trustee, agent, servant, employee, attorney, attorney-in-fact, accountant or accounting firm, correspondent, or other person from transacting the state trust company's business or wasting or disposing of its property; or
(2) requiring the delivery of the state trust company's property or assets to the receiver subject to the further order of the court.
(b) At any time during a proceeding under this subchapter, the court may issue another injunction or order considered necessary or desirable to prevent:
(1) interference with the receiver or the proceeding;
(2) waste of the assets of the state trust company;
(3) the beginning or prosecution of an action;
(4) the obtaining of a preference, judgment, attachment, garnishment, or other lien; or
(5) the making of a levy against the state trust company or against its assets.

Legislative History

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.