Section 36.201 - Action to Close State Bank(a) The banking commissioner may close and liquidate a state bank on finding that: (1) the interests of the bank's depositors and creditors are jeopardized by the bank's insolvency or imminent insolvency; and(2) the best interests of depositors and creditors would be served by requiring that the bank be closed and its assets liquidated.(b) A majority of the bank's directors may voluntarily close the bank and place it with the banking commissioner for liquidation.Amended By Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 52, eff. 9/1/2007. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.