Texas § 96.101 INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.

Texas Statutes

§ 96.101 — INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.

Texas § 96.101

Code FIFinance Code

This text of Texas § 96.101 (INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.) 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. § 96.101 (2026).

Text

Sec. 96.101. INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES.

(a)The commissioner may intervene in the affairs of a savings bank if the savings bank or a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank:

(1)engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the savings bank; or

(2)violates or is about to violate:

(A)the articles of incorporation or bylaws of the savings bank;

(B)a law or supervisory order applicable to the savings bank; or

(C)a condition that the commissioner or the finance commission has imposed on the savings bank by written order, directive, or agreement.

(b)The commissioner may intervene in the affairs of a savings bank if a person who parti

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Sec. 96.101. INTERVENTION FOR VIOLATIONS AND UNSAFE AND UNSOUND PRACTICES. (a) The commissioner may intervene in the affairs of a savings bank if the savings bank or a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank:
(1) engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the savings bank; or
(2) violates or is about to violate:
(A) the articles of incorporation or bylaws of the savings bank;
(B) a law or supervisory order applicable to the savings bank; or
(C) a condition that the commissioner or the finance commission has imposed on the savings bank by written order, directive, or agreement.
(b) The commissioner may intervene in the affairs of a savings bank if a person who participates in the affairs of the savings bank or a subsidiary or holding company of the savings bank violates or is about to violate an order or instruction of the commissioner or a conservator or supervisor in charge of the savings bank's affairs.