{"data":{"id":"us-tx/tex.-finance-code-32.006","jurisdiction":"us-tx","citation":"Tex. Finance Code § 32.006","heading":"ISSUANCE OF CERTIFICATE OF AUTHORITY.","body":"A state bank may not engage in the business of banking until it receives a certificate of authority from the banking commissioner. The banking commissioner may not deliver the certificate of authority until the bank has:\n(1) received cash for the issuance of all authorized shares in the full amount subscribed;\n(2) elected or qualified the initial officers and directors named in the application for charter or other officers and directors approved by the banking commissioner; and\n(3) complied with all the other requirements of this subtitle relating to the organization of state banks.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 11, eff. September 1, 2007.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.32.htm#32.006","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"7dd8908b35ae5ca6f9daca45859e1502c4f9aa27fac67138e2b0e0c04b627f4d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-32.005","next":"us-tx/tex.-finance-code-32.007"},"notice":"GroundRules: Original legal text. Not legal advice."}