Finance Code § 186.101
A state trust company may start voluntary dissolution only if it has banking commissioner approval, follows the required board and shareholder approval rules, and files the dissolution notice. The shareholders or participants must appoint a liquidating agent or committee, and that agent or committee must carry out the
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
A state trust company may start voluntary dissolution only if it has banking commissioner approval, follows the required board and shareholder approval rules, and files the dissolution notice. The shareholders or participants must appoint a liquidating agent or committee, and that agent or committee must carry out the liquidation under board supervision.
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Finance Code § 186.101
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