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State Law
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Texas Finance Code - Chapter 32 Powers, Organization, And Financial RequirementsLegal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Chapter 32 Powers, Organization, And Financial Requirements (a) One or more persons, a majority of whom are residents of this state, may organize a state bank as a banking association or a ... (a) The articles of association of a state bank must be signed and acknowledged by each organizer and must contain: (1) the name of the ... (a) An application for a state bank charter must be made under oath and in the form required by the banking commissioner, who shall inquire ... (a) The organizers shall solicit comments and protests by publishing notice of the application, its date of filing, and the identity of the organizers, in ... (a) Any person may file a protest of an application. (b) If a protest of the application is not filed before the 15th day after ... 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 ... 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 ... (a) The Texas Business Corporation Act and the Texas Miscellaneous Corporation Laws Act (Article 1302-1.01 et seq., Vernon's Texas Civil Statutes) apply to a banking ... (a) Section 16(a), Article XVI, Texas Constitution, empowers the legislature to authorize the incorporation of state banks and provide for a system of state regulation ... (a) Notwithstanding another law, a Texas state bank may perform an act, own property, or offer a product or service that is at the time ... (a) The finance commission by rule may determine that an activity not otherwise approved or authorized for a state bank under this subtitle or other ... (a) A state bank that has been granted a certificate of authority may amend or restate its articles of association for any lawful purpose, including ... (a) If the articles of association expressly give the board of a state bank authority to establish shares or participation shares in series and determine ... (a) A state bank may not reduce or increase its outstanding capital and surplus through dividend, redemption, issuance of shares or participation shares, or otherwise, ... (a) With the prior written approval of the banking commissioner, a state bank may at any time, through action of its board and without requiring ... (a) A state bank may engage in the banking business at its home office, at an approved branch office location, and through electronic terminals. A ... (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 ... (a) A state bank may establish and maintain a branch office at any location on prior written approval of the banking commissioner. If the banking ... (a) A state bank may establish one or more loan production offices for the purpose of soliciting loans or equivalent transactions, accepting loan applications, and ... (a) Two or more financial institutions, corporations, or other entities with the authority to participate in a merger, at least one of which is a ... (a) If the merger is subject to the prior written approval of the banking commissioner, the original articles of merger and a number of copies ... A shareholder, participant, or participant-transferee may dissent from the merger to the extent, and by following the procedure provided, by the Texas Business Corporation Act ... (a) A merger is not permitted under this subchapter if, on consummation of the transaction, the resulting state bank, including all insured depository institution affiliates ... (a) A state bank with the prior written approval of the banking commissioner may purchase all or substantially all of the assets of another financial ... (a) The purchasing bank may hold the purchase price and any additional money delivered to it by the selling institution in trust for, or as ... If the selling financial institution is at any time after the sale of assets voluntarily or involuntarily closed for liquidation by a state or federal ... The purchasing bank may pay a depositor or creditor of the selling institution the amount to be paid the person under the terms of the ... (a) The board of a state bank, with the prior written approval of the banking commissioner, may cause the bank to sell all or substantially ... (a) A purchase of assets is not permitted under Section 32.401 if, on consummation of the transaction, the acquiring state bank, including all insured depository ... (a) Subject to Subtitle G, a state bank may act as necessary under and to the extent permitted by the laws of the United States, ... (a) A financial institution, as that term is defined by Section 201.101, may apply to the banking commissioner for conversion into a state bank on ... Last modified: August 10, 2007 |