Tex. Fin. Code § 96.156

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.

Tex. Fin. Code § 96.156

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.