Sec. 131.902. PURSUIT OF LEGAL REMEDIES AGAINST SUSPENDED BANK. A county, municipality, or district authority may proceed with available legal remedies against a suspended bank that is a depository for public funds of the authority if the authority considers that action to be in the best interest of the public. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Pursuit of Legal Remedies Against Suspended Bank
Tex. Local Government Code § 131.902, under Depository Provisions Affecting Funds of Municipalities, Counties, and Other Local Governments.
Tex. Local Government Code § 131.902