Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 185.111 - Suit Filed Against or on Behalf of State Trust Company Under Supervision or Conservatorship(a) A suit filed against a state trust company while the state trust company is under conservatorship, or against a person in connection with an action taken or decision made by that person as a supervisor or conservator of a state trust company, must be brought in Travis County regardless of whether the state trust company remains under an order of supervision or conservatorship.(b) A conservator may sue a person on the trust company's behalf to preserve, protect, or recover state trust company assets, including claims or causes of action. The suit may be in: (2) another location where jurisdiction and venue against that person may be obtained under law.Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. 9/1/1999.