Sec. 185.111.  SUIT FILED AGAINST OR ON BEHALF OF STATE TRUST COMPANY UNDER SUPERVISION OR CONSERVATORSHIP.  (a)  A suit filed against a state trust company while the state trust company is under conservatorship, or against a person in connection with an action taken or decision made by that person as a supervisor or conservator of a state trust company, must be brought in Travis County regardless of whether the state trust company remains under an order of supervision or conservatorship.
(b)  A conservator may sue a person on the trust company's behalf to preserve, protect, or recover state trust company assets, including claims or causes of action.  The suit may be in:
(1)  Travis County;  or
(2)  another location where jurisdiction and venue against that person may be obtained under law.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.