Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle F. TRUST COMPANIES |
Chapter 185. ENFORCEMENT ACTIONS |
Subchapter A. ENFORCEMENT ORDERS |
Sec. 185.008. LIMITATION ON ACTION
Latest version.
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The banking commissioner may not initiate an enforcement action under this subchapter later than the fifth anniversary of the date the banking commissioner discovered or reasonably should have discovered the conduct involved.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.