131.902 – PURSUIT OF LEGAL REMEDIES AGAINST SUSPENDED BANK.
Texas Local Government Code § 131.902
Summary
This law allows counties, municipalities, or district authorities to take legal action against suspended banks holding their public funds. It empowers these entities to act in the public's best interest when dealing with financial institutions that are no longer operational.
Permits legal action against suspended banks holding public funds.
Applicable to counties, municipalities, and district authorities.
Action must be deemed in the public's best interest.
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In simple terms: Learn about Texas's PURSUIT OF LEGAL REMEDIES AGAINST SUSPENDED BANK. law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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