Section 122.010 - Deadline for Commencing Business(a) A credit union shall begin business before six months after the date of the order approving the credit union's application.(b) On request and for good cause shown, the commissioner may grant a credit union that has not begun business within the time prescribed by Subsection (a) a reasonable extension to provide an opportunity to overcome the cause of the delay.(c) The incorporators may appeal to the commission, in accordance with commission rules, a commissioner's decision refusing a request for an extension.(d) The commissioner may cancel the certificate of incorporation in accordance with commission rules if a credit union does not begin business within the prescribed time. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.