Tex. Fin. Code § 32.007 · Subchapter A. ORGANIZATION AND POWERS IN GENERAL
DEADLINE TO BEGIN BUSINESS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.32.htm
- Text hash
- sha256 2e378158981eeb5eef2358cb2ccd5a192c3e0d6970f520304b3442ded5ff92a3
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.