{"data":{"id":"us-tx/tex.-finance-code-182.007","jurisdiction":"us-tx","citation":"Tex. Finance Code § 182.007","heading":"DEADLINE TO BEGIN BUSINESS.","body":"If a state trust company does not open and engage in the trust business within six months after the date it receives its charter or conditional approval of application for charter, the banking commissioner may revoke the charter or cancel the conditional approval of application for charter without judicial action.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 182. POWERS, ORGANIZATION, AND FINANCIAL REQUIREMENTS","SUBCHAPTER A. ORGANIZATION AND POWERS IN GENERAL"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.182.htm#182.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"e9ffc16c8dc39924ee5e20489ca15e462628be05b8496a365a1e9c6e6387bb53","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-182.006","next":"us-tx/tex.-finance-code-182.008"},"notice":"GroundRules: Original legal text. Not legal advice."}