Sec. 36.111.  CLOSURE BY BANKING COMMISSIONER FOR INVOLUNTARY DISSOLUTION AND LIQUIDATION.  The banking commissioner may close a state bank for involuntary dissolution and liquidation under this chapter if the banking commissioner determines that:
(1)  the voluntary liquidation is:
(A)  being conducted in an improper or illegal manner;  or
(B)  not in the best interests of the bank's depositors and creditors;  or
(2)  the bank is insolvent or imminently insolvent.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.