(a) The commissioner, with or without cause, may remove a liquidating agent and appoint another agent.
(b) If a liquidating agent resigns, dies, or otherwise becomes unable to serve, the commissioner shall promptly appoint another agent.
Tex. Fin. Code § 66.302
REMOVAL OR REPLACEMENT OF LIQUIDATING AGENT
Known as the Texas Savings and Loan Act
The act spans §§ 61–89 (217 sections).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, 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.