Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 32.007: DEADLINE TO BEGIN BUSINESS.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE A. BANKS
CHAPTER 32. POWERS, ORGANIZATION, AND FINANCIAL REQUIREMENTS
SUBCHAPTER A. ORGANIZATION AND POWERS IN GENERAL

If the state bank does not open and engage in the business of banking within six months after the date of the granting of its charter, the banking commissioner may forfeit the charter or cancel the conditional approval of application for charter without judicial action.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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