Tex. Fin. Code § 185.113
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Fin. Code § 185.113