Legal Opinion
Opinion No.
Texas Attorney General Reports
Decided April 6, 1988Published
1Opinion of the Court
Mr. Kenneth W. Littlefield Commissioner Texas Department of Banking 2601 N. Lamar Blvd. Austin, Texas 78705
Re: Constitutionality of article 342-803a, V.T.C.S., which permits the sale of the assets of a bank without shareholder approval in certain circumstances (RQ-1252)
Dear Mr. Littlefield:
You ask our opinion about the constitutionality of article 342-803a, V.T.C.S., a recent addition to the Texas Banking Code. You note that the provision is designed to facilitate so-called "open bank assistance" schemes undertaken by the Federal Deposit Insurance Corporation (FDIC) to prevent the closure and…
2Cases cited18 opinions
- Penn Central Transportation Co. v. New York CitySupreme Court of the United States · 1978
- Connolly v. Pension Benefit Guaranty CorporationSupreme Court of the United States · 1986
- Trustees of Dartmouth College v. WoodwardSupreme Court of the United States · 1819
- Norman v. Baltimore & Ohio RailroadSupreme Court of the United States · 1935
- Union Pacific Railroad v. United StatesSupreme Court of the United States · 1878
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