Gavvy: Fin. Code, Sec. 66.316. Closing of Liquidation; Order and Liability.

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Sec. 66.302. Removal Or Replacement of Liquidating Agent.

Sec. 66.302. REMOVAL OR REPLACEMENT OF LIQUIDATING AGENT. (a) The commissioner, with or without cause, may remove a liquidating agent and appoint another agent.

(b) If a liquidating agent resigns, dies, or otherwise becomes unable to serve, the commissioner shall promptly appoint another agent.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Gavvy last updated this database on: Sep 6, 2024