HB 773, 43rd R.S.
Relating to providing that the Banking Commissioner of the State of Texas, with the approval of the Governor of Texas, from and after the passage of this Act, be, and he is hereby authorized and empowered to declare financial moratoria for, and invoke a uniform limitation withdrawal, coextensive with the boundaries of the State, of deposits from all State banks, National banks, State banks and trust companies, trust companies, private banks, building and loan associations, and all other banking and financial institutions in the State of Texas, or both such moratoria and limitations of withdrawal of deposits, and to promulgate any and all orders and decress necessary to enforce such powers herein delegated; providing penalties for violations.
Author: Harold Kayton
Coauthor: William Franklin Patterson, Jr. | Temple Harris McGregor
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