Section 66.101 - Intervention for Violations and Unsafe and Unsound Practices The commissioner may intervene in the affairs of an association if the association or a person who participates in the affairs of the association or a subsidiary of the association:
(1) engages in or is about to engage in an unsafe and unsound practice in conducting the affairs of the association; or(2) violates or is about to violate:(A) the articles of incorporation or bylaws of the association;(B) a law or supervisory order applicable to the association; or(C) a condition that the commissioner or the finance commission has imposed on the association by written order or agreement. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.