Tex.
Fin. Code Section 202.005
Applicable Laws
(a)
The commissioner may:(1)
examine a bank holding company that controls a Texas bank to the same extent as if the bank holding company were a Texas state bank; and(2)
bring an enforcement proceeding under Chapter 35 (Enforcement Actions) against a bank holding company or other person that violates or participates in a violation of Subtitle A, an agreement filed with the commissioner under this chapter, or a rule adopted by the finance commission or order issued by the commissioner under Subtitle A, as if the bank holding company were a Texas state bank.(a-1)
The grounds, procedures, and effects of an enforcement proceeding brought under this section apply to a bank holding company, an officer, director, or employee of a bank holding company, or a controlling shareholder or other person participating in the affairs of a bank holding company in the same manner as the grounds, procedures, and effects apply to a state bank, an officer, director, or employee of a state bank, or a controlling shareholder or other person participating in the affairs of a state bank.(b)
A Texas bank that is controlled by a bank holding company that is not a Texas bank holding company shall be subject to all laws of this state that are applicable to Texas banks that are controlled by Texas bank holding companies.
Source:
Section 202.005 — Applicable Laws, https://statutes.capitol.texas.gov/Docs/FI/htm/FI.202.htm#202.005 (accessed Jun. 5, 2024).
