Tex. Fin. Code § 33.208
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The bylaws or the participation agreement may not require automatic termination, dissolution, or suspension of the limited banking association on the death, disability, bankruptcy, expulsion, or withdrawal of a participant, or on the happening of any other event other than the passage of time.
Tex. Fin. Code § 33.208