Texas Finance Code 14.209 – Appointment of Receiver
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(a) In addition to other remedies for the enforcement of a restraining order or injunction, the court in which an action is brought under § 14.208(c) may impound and appoint a receiver for the defendant‘s property and business, including a document relating to the property or business, as the court considers reasonably necessary to prevent a violation through use of the property and business.
(b) On appointment and qualification, a receiver has the powers and duties of a receiver under Chapter 64, Civil Practice and Remedies Code.
Terms Used In Texas Finance Code 14.209
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Property: means real and personal property. See Texas Government Code 311.005