Injunction In Aid of Liquidation

Sec. 36.213. INJUNCTION IN AID OF LIQUIDATION. (a) On application by the receiver, the court with or without notice may issue an injunction: (1) restraining a bank officer, director, shareholder, trustee, agent, servant, employee, attorney, attorney-in-fact, correspondent, or other person from transacting the bank's business or wasting or disposing of its property; or (2) requiring the delivery of the bank'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 bank; (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 bank or its assets. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 57, eff. September 1, 2007.