Texas § FI.96.156 - LIMITING ORDER DURING CONSERVATORSHIP
Full text of Texas The Texas Constitution § FI.96.156 — LIMITING ORDER DURING CONSERVATORSHIP, with citation guidance and answers to common questions.
§ FI.96.156. LIMITING ORDER DURING CONSERVATORSHIP
LIMITING ORDER DURING CONSERVATORSHIP. (a) During a conservatorship, the commissioner by order may impose limitations on withdrawals from deposit accounts if the commissioner determines that the interests of deposit account holders and creditors of the savings bank are best protected by the limitations. (b) An order under this section: (1) must detail the limitations imposed; (2) must contain a reasonably detailed statement of the facts on which the order is based; and (3) becomes effective when served on the conservator. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § FI.96.156
What does The Texas Constitution § FI.96.156 cover?
Section FI.96.156 ("LIMITING ORDER DURING CONSERVATORSHIP") 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.96.156?
A common citation format is "The Texas Constitution § FI.96.156" (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.96.156 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.