Texas § 96.156 LIMITING ORDER DURING CONSERVATORSHIP.

Texas Statutes

§ 96.156 — LIMITING ORDER DURING CONSERVATORSHIP.

Texas § 96.156

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 96.156 (2026).

Text

Sec. 96.156. LIMITING ORDER DURING CONSERVATORSHIP.

(a)During a conservatorship, the commissioner by order may impose limitations on withdrawals from deposit accounts if the commissioner determines that the interests of deposit account holders and creditors of the savings bank are best protected by the limitations.

(b)An order under this section:

(1)must detail the limitations imposed;

(2)must contain a reasonably detailed statement of the facts on which the order is based; and

(3)becomes effective when served on the conservator.

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Sec. 96.156. LIMITING ORDER DURING CONSERVATORSHIP. (a) During a conservatorship, the commissioner by order may impose limitations on withdrawals from deposit accounts if the commissioner determines that the interests of deposit account holders and creditors of the savings bank are best protected by the limitations.
(b) An order under this section:
(1) must detail the limitations imposed;
(2) must contain a reasonably detailed statement of the facts on which the order is based; and
(3) becomes effective when served on the conservator.