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2025 Texas Statutes
Finance Code
Title 3 - Financial Institutions and Businesses
Subtitle A - Banks
Chapter 35 - Enforcement Actions
Subchapter B. Supervision and Conservatorship
Section 35.113. Administrative Election of Remedies
Universal Citation:
TX Fin Code § 35.113 (2025)
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Sec. 35.113. ADMINISTRATIVE ELECTION OF REMEDIES. The banking commissioner may take any action authorized by Chapter 36 regardless of the existence of supervision or conservatorship. A period of supervision or conservatorship is not required before a bank is closed for liquidation or other remedial action is taken.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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