Texas Finance Code 37.001 – Definition
Terms Used In Texas Finance Code 37.001
- Property: means real and personal property. See Texas Government Code 311.005
In this chapter, “emergency” means a condition or occurrence that may interfere physically with the conduct of normal business at the offices of a bank or with the conduct of a particular bank operation, or that poses an imminent or existing threat to the safety or security of persons or property, including:
(1) fire, flood, earthquake, hurricane, tornado, or wind, rain, or snow storm;
(2) labor dispute or strike;
(3) power failure, transportation failure, or interruption of communication facilities;
(4) shortage of fuel, housing, food, transportation, or labor;
(5) robbery, burglary, or attempted robbery or burglary;
(6) epidemic or other catastrophe; or
(7) riot, civil commotion, enemy attack, or other actual or threatened act of lawlessness or violence.