Texas § FI.186.101 - INITIATING VOLUNTARY DISSOLUTION
Full text of Texas The Texas Constitution § FI.186.101 — INITIATING VOLUNTARY DISSOLUTION, with citation guidance and answers to common questions.
§ FI.186.101. INITIATING VOLUNTARY DISSOLUTION
INITIATING VOLUNTARY DISSOLUTION. (a) A state trust company may initiate voluntary dissolution and surrender its charter as provided by this subchapter: (1) with the approval of the banking commissioner; (2) after complying with the provisions of the Business Organizations Code regarding board and shareholder approval for voluntary dissolution; and (3) by filing the notice of dissolution as provided by Section 186.102 . (b) The shareholders or participants of a state trust company initiating voluntary dissolution by resolution shall appoint one or more persons to act as liquidating agent or committee. The liquidating agent or committee shall conduct the liquidation as provided by law and under the supervision of the board. The board, in consultation with the banking commissioner, shall require the liquidating agent or committee to give a suitable bond. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999. Amended by: Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962 ), Sec. 76, eff. September 1, 2007.
Frequently Asked Questions About Texas § FI.186.101
What does The Texas Constitution § FI.186.101 cover?
Section FI.186.101 ("INITIATING VOLUNTARY DISSOLUTION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.186.101?
A common citation format is "The Texas Constitution § FI.186.101" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.186.101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.