Tex. Finance Code § 35.113
This is the official text of Tex. Finance Code § 35.113, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 35.113. ADMINISTRATIVE ELECTION OF REMEDIES.
Official statutory text
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.
Status: in_force · Read it on the official government site
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