The banking commissioner may not initiate an enforcement action under this subchapter later than the fifth anniversary of the date the banking commissioner discovered or reasonably should have discovered the conduct involved.
Tex. Fin. Code § 185.008
LIMITATION ON ACTION
Known as the Texas Trust Company Act
The act spans §§ 181–199 (242 sections).
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.