Texas § 37.002 EMERGENCY CLOSING OF OFFICE OR OPERATION BY BANK.

Texas Statutes

§ 37.002 — EMERGENCY CLOSING OF OFFICE OR OPERATION BY BANK.

Texas § 37.002

Code FIFinance Code

This text of Texas § 37.002 (EMERGENCY CLOSING OF OFFICE OR OPERATION BY BANK.) 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. § 37.002 (2026).

Text

Sec. 37.002. EMERGENCY CLOSING OF OFFICE OR OPERATION BY BANK.

(a)If the officers of a bank located in this state determine that an emergency that affects or may affect the bank's offices or a particular bank operation exists or is impending, the officers may determine:

(1)not to open the bank's offices or conduct the particular bank operation; or

(2)if the bank's offices have opened or the particular bank operation has begun, to close the bank's offices or suspend and close the particular bank operation during the emergency, regardless of whether the banking commissioner has issued a proclamation of emergency.

(b)Subject to Subsection (c), the office or operation closed may remain closed until the officers determine that the emergency has ended and for additional time reasonably requi

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Sec. 37.002. EMERGENCY CLOSING OF OFFICE OR OPERATION BY BANK. (a) If the officers of a bank located in this state determine that an emergency that affects or may affect the bank's offices or a particular bank operation exists or is impending, the officers may determine:
(1) not to open the bank's offices or conduct the particular bank operation; or
(2) if the bank's offices have opened or the particular bank operation has begun, to close the bank's offices or suspend and close the particular bank operation during the emergency, regardless of whether the banking commissioner has issued a proclamation of emergency.
(b) Subject to Subsection (c), the office or operation closed may remain closed until the officers determine that the emergency has ended and for additional time reasonably required to reopen.
(c) An office or operation may not remain closed for more than three consecutive days, excluding days on which the bank is customarily closed, without the banking commissioner's approval.
(d) A bank closing an office or operation under this section shall give notice of its action to the banking commissioner as promptly as possible and by any means available.