Texas Administrative Code
Title 7 - BANKING AND SECURITIES
Part 7 - STATE SECURITIES BOARD
Chapter 105 - RULES OF PRACTICE IN CONTESTED CASES
Section 105.16 - Decisions; When Final
Universal Citation: 7 TX Admin Code ยง 105.16
Current through Reg. 49, No. 38; September 20, 2024
(a) A decision is final:
(1) if a motion for rehearing is not
filed on time, on the expiration of the period for filing a motion for
rehearing;
(2) if a motion for
rehearing is filed on time, on the date:
(A)
the order overruling the motion for rehearing is rendered; or
(B) the motion is overruled by operation of
law;
(3) if the
Commissioner finds that an imminent peril to the public health, safety, or
welfare requires immediate effect of a decision or order, on the date the
decision or order is rendered; or
(4) if the decision or order is rendered
pursuant to the Act, §23-2.E, on the date it is rendered.
(b) If a decision or order is final under subsection (a)(3) of this section, the Commissioner must recite in the decision or order the finding made under subsection (a)(3) of this section and the fact that the decision or order is final and effective on the date rendered.
(c) A person who is aggrieved by a final decision of the Commissioner in a contested case may seek judicial review of the decision. Judicial review of such a decision is under the substantial evidence rule.
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