Texas § 35.101 ORDER OF SUPERVISION.

Texas Statutes

§ 35.101 — ORDER OF SUPERVISION.

Texas § 35.101

Code FIFinance Code

This text of Texas § 35.101 (ORDER OF SUPERVISION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 35.101 (2026).

Text

Sec. 35.101. ORDER OF SUPERVISION.

(a)The banking commissioner by order may appoint a supervisor over a state bank if the banking commissioner determines from examination or other credible evidence that the bank is in hazardous condition and that an order of supervision appears to be necessary and in the best interest of the bank and its depositors, creditors, and shareholders, or the public.

(b)The banking commissioner may issue the order without prior notice.

(c)Subject to Subsection (d), a supervisor serves until the earlier of:

(1)the expiration of the period stated in the order of supervision; or

(2)the date the banking commissioner determines that the requirements for abatement of the order have been satisfied.

(d)The banking commissioner may terminate an order of supervision a

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 35.101. ORDER OF SUPERVISION. (a) The banking commissioner by order may appoint a supervisor over a state bank if the banking commissioner determines from examination or other credible evidence that the bank is in hazardous condition and that an order of supervision appears to be necessary and in the best interest of the bank and its depositors, creditors, and shareholders, or the public.
(b) The banking commissioner may issue the order without prior notice.
(c) Subject to Subsection (d), a supervisor serves until the earlier of:
(1) the expiration of the period stated in the order of supervision; or
(2) the date the banking commissioner determines that the requirements for abatement of the order have been satisfied.
(d) The banking commissioner may terminate an order of supervision at any time.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962 ), Sec. 45, eff. September 1, 2007. Acts 2017, 85th Leg., R.S., Ch. 599 (S.B. 1401 ), Sec. 7, eff. September 1, 2017.