Texas Finance Code 186.002 – Remedies Exclusive
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(a) Unless the banking commissioner so requests, a court may not:
(1) order the closing or suspension of operation of a state trust company; or
(2) appoint for a state trust company a receiver, supervisor, conservator, or liquidator, or other person with similar responsibility.
(b) A person may not be designated receiver, supervisor, conservator, or liquidator without the voluntary approval and concurrence of the banking commissioner.
Terms Used In Texas Finance Code 186.002
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) This chapter prevails over any other conflicting law of this state.