Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 186.213 - Injunction in Aid of Liquidation(a) On application by the receiver, the court with or without notice may issue an injunction:(1) restraining each state trust company officer, director, manager, managing participant, employee, shareholder, participant, participant-transferee, trustee, agent, servant, employee, attorney, attorney-in-fact, accountant or accounting firm, correspondent, or other person from transacting the state trust company's business or wasting or disposing of its property; or(2) requiring the delivery of the state trust company's property or assets to the receiver subject to the further order of the court.(b) At any time during a proceeding under this subchapter, the court may issue another injunction or order considered necessary or desirable to prevent: (1) interference with the receiver or the proceeding;(2) waste of the assets of the state trust company;(3) the beginning or prosecution of an action;(4) the obtaining of a preference, judgment, attachment, garnishment, or other lien; or(5) the making of a levy against the state trust company or against its assets.Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. 9/1/1999.