(a) Unless the banking commissioner so requests, a court may not:
- (1) order the closing or suspension of operation of a state trust company; or
- (2) appoint for a state trust company a receiver, supervisor, conservator, or liquidator, or other person with similar responsibility.
- (b) A person may not be designated receiver, supervisor, conservator, or liquidator without the voluntary approval and concurrence of the banking commissioner.
- (c) This chapter prevails over any other conflicting law of this state.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.