The Papacy was set up as a monarchy and exercise absolute power and legal control over Catholics everywhere. What that means is, not just in matters of religious authority, but in terms of ownership, all assets of the Catholic Church belongs to the Papal seat. That includes everything from St. Patricks Cathedral in Manhattan all the way down to the little Catholic Church in the middle of nowhere in Texas.
So if we took this particular situation, if the Papacy wanted to, after removing the Texas Bishop, they could bar him from stepping into any Catholic Church within the diocese he presided over in Texas because they are the owners of all Catholic property. No Catholic Priest or Bishop would be able to override it. If the Papacy wanted to they could seize all the property in his diocese and sell it off. That is the nature of the hierarchal authority of the church. It serves as a checks and balances.
Now the Bishop could try to have his diocese separate from the Catholic Church, but they wouldn't be recognized as Catholic anymore and all the churches, property or assets that he presided over would be seized by the Church. If he wanted to continue to minister, he would essentially have to become Protestant and not claim himself as Catholic.
It's different from American protestant churches where power is set up horizontally (not vertically like the Catholic Church). For instance, TD Jakes is the CEO of his church. He's not a member of a denomination where he would have to answer to some higher authority like a Bishop. He makes all the decisions and if he was to be removed from his church, it would have to come from the congregation itself, and not some higher organizational authority because there is none.
But since he's the CEO, he owns all property and assets so that could cause legal problems. Essentially, his congregation would probably have to leave and start a spinoff if they wouldn't want to be under his leadership but they couldn't take the church or any affiliated property or assets with them because they are all owned by TD Jakes. In a lot of cases like this, this is where you have a lot of corruption with pastors doing whatever they want to do, especially with money, because there is no higher authority to check them.