Texas Finance Code - Section 32.202. Home Office
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§ 32.202. HOME OFFICE. (a) Each state bank must have and
continuously maintain in this state a home office. The home office
must be a location at which the bank does business with the public
and keeps its corporate books and records. At least one officer of
the bank must maintain an office at the home office. In addition to
the registered agent for the bank, if one is maintained pursuant to
Section 201.103, each officer at the home office is an agent for
service of process for the bank.
(b) A state bank may change its home office to one of its
previously established branch locations in this state, if the
location that is the home office before the change is to remain as a
branch of the bank, by filing a written notice with the banking
commissioner. The notice must set forth the name of the bank, the
street address of its home office before the change, the street
address of the location to which the home office is to be changed,
and a copy of the resolution adopted by the bank's board authorizing
the change. The change of home office takes effect on the 31st day
after the date the banking commissioner receives the notice unless
the banking commissioner consents to a different effective date.
(c) A state bank may change its home office to any location
in this state, other than as permitted by Subsection (b), on prior
written approval of the banking commissioner. The banking
commissioner shall grant an application under this subsection if
the banking commissioner does not have a significant supervisory or
regulatory concern regarding the proposed banking facility, the
applicant, or an affiliate of the applicant. Any standard
established by the banking commissioner or the finance commission
regarding the establishment of a branch under Section 32.203
applies to an application for a change of home office that is
subject to this subsection, except as otherwise provided by rules
adopted under this subtitle.
(d) If the proposed relocation of the bank's home office
would effect an abandonment of all or part of the community served
by the bank, the bank must establish to the satisfaction of the
banking commissioner that the abandonment is consistent with the
original determination of public necessity for the establishment of
a bank at that location.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997. Amended
by Acts 1999, 76th Leg., ch. 344, § 2.007, eff. Sept. 1, 1999.
Section: 32.010 32.011 32.101 32.102 32.103 32.104 32.201 32.202 32.203 32.204 32.301 32.302 32.303 32.304 32.401
Last modified: August 10, 2007
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