Sec. 185.113.  ADMINISTRATIVE ELECTION OF REMEDIES.  The banking commissioner may take any action authorized under Chapter 186 regardless of the existence of supervision or conservatorship.  A period of supervision or conservatorship is not required before a trust company is closed for liquidation or other remedial action is taken.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.