Tex. Fin. Code § 96.108

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 96.108 - Plan of Operation of Savings Bank After Order of Temporary Conservatorship
(a) Before or during a hearing under Section 96.107 on a temporary supervisory order placing a savings bank under the control of a conservator, the board of the savings bank may present to the commissioner a plan to continue the operation of the savings bank in a manner that will correct or eliminate the grounds for the order.
(b) If the commissioner approves the plan or a modification of the plan, the commissioner shall vacate the order and place the savings bank under conservatorship, conditioned on the implementation and diligent prosecution of the plan.

Tex. Fin. Code § 96.108

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.