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§ 32.007. DEADLINE TO BEGIN BUSINESS. 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, § 1, eff. Sept. 1, 1997.

Section: Previous 31.308 32.001 32.002 32.003 32.004 32.005 32.006 32.007 32.008 32.009 32.010 32.011 32.101 32.102 32.103 Next

Last modified: August 10, 2007

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Texas Finance Code - Section 32.007. Deadline To Begin Business