Texas § FI.35.106 - AUTHORITY OF SUPERVISOR
Full text of Texas The Texas Constitution § FI.35.106 — AUTHORITY OF SUPERVISOR, with citation guidance and answers to common questions.
§ FI.35.106. AUTHORITY OF SUPERVISOR
AUTHORITY OF SUPERVISOR. During a period of supervision, a bank, without the prior approval of the banking commissioner or the supervisor or as otherwise permitted or restricted by the order of supervision, may not: (1) dispose of, sell, transfer, convey, or encumber the bank's assets; (2) lend or invest the bank's money; (3) incur a debt, obligation, or liability; (4) pay a dividend to the bank's shareholders; (5) remove an executive officer or director, change the number of executive officers or directors, or have any other change in the position of executive officer or director; or (6) engage in any other activity determined by the banking commissioner to threaten the safety and soundness of the bank. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962 ), Sec. 47, eff. September 1, 2007. Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664 ), Sec. 10, eff. June 14, 2013. Acts 2023, 88th Leg., R.S., Ch. 989 (H.B. 3574 ), Sec. 7, eff. June 18, 2023. Acts 2025, 89th Leg., R.S., Ch. 638 (H.B. 3804 ), Sec. 3, eff. June 20, 2025.
Frequently Asked Questions About Texas § FI.35.106
What does The Texas Constitution § FI.35.106 cover?
Section FI.35.106 ("AUTHORITY OF SUPERVISOR") 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.35.106?
A common citation format is "The Texas Constitution § FI.35.106" (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.35.106 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.