Tex. Fin. Code § 32.007

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.

Tex. Fin. Code § 32.007

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.