{"data":{"id":"us-tx/tex.-finance-code-204.103","jurisdiction":"us-tx","citation":"Tex. Finance Code § 204.103","heading":"ISSUANCE OF LICENSE.","body":"(a) The commissioner shall issue a license to a foreign bank to establish and maintain a Texas state branch or agency if the commissioner finds after reasonable inquiry that:\n(1) all members of the management of the Texas state branch or agency have sufficient banking experience, ability, standing, competence, trustworthiness, and integrity to justify a belief that the agency will operate in compliance with state law;\n(2) the foreign bank has sufficient standing to justify a belief that the Texas state branch or agency will be free from improper or unlawful influence or interference with respect to the office's operation in compliance with state law; and\n(3) the foreign bank is acting in good faith and the application does not contain a material misrepresentation.\n(b) Each Texas state branch or agency shall post its license in a conspicuous place at its office. A license issued under this subchapter is not transferable or assignable.\nAdded by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE G. BANK HOLDING COMPANIES; INTERSTATE BANK OPERATIONS","CHAPTER 204. FOREIGN BANKS","SUBCHAPTER B. DIRECT BRANCH AND AGENCY OFFICES OF FOREIGN BANKS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.204.htm#204.103","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"a99f923594d1620516fe4a6b8d597ab9f3879fd36759af9fe0b75bde6a3a8fc3","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-204.102","next":"us-tx/tex.-finance-code-204.104"},"notice":"GroundRules: Original legal text. Not legal advice."}