Texas § FI.36.201 - ACTION TO CLOSE STATE BANK
Full text of Texas The Texas Constitution § FI.36.201 — ACTION TO CLOSE STATE BANK, with citation guidance and answers to common questions.
§ FI.36.201. ACTION TO CLOSE STATE BANK
ACTION TO CLOSE STATE BANK. (a) The banking commissioner may close and liquidate a state bank on finding that: (1) the interests of the bank's depositors and creditors are jeopardized by the bank's insolvency or imminent insolvency; and (2) the best interests of depositors and creditors would be served by requiring that the bank be closed and its assets liquidated. (b) A majority of the bank's directors may voluntarily close the bank and place it with the banking commissioner for liquidation. 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. 52, eff. September 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.36.201
What does The Texas Constitution § FI.36.201 cover?
Section FI.36.201 ("ACTION TO CLOSE STATE BANK") 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.36.201?
A common citation format is "The Texas Constitution § FI.36.201" (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.36.201 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.