Tex. Finance Code § 204.204
This is the official text of Tex. Finance Code § 204.204, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 204.204. ENFORCEMENT.
Official statutory text
The commissioner may initiate an enforcement action under Chapter 35 or a proceeding to revoke the registration of a representative office if the commissioner by examination or other credible evidence finds that the foreign bank:
(1) has refused to permit the commissioner to examine the books, papers, accounts, records, or affairs of a Texas representative office in accordance with Sections 204.002 and 204.003;
(2) has violated this subtitle, another law or rule applicable to a foreign bank or a Texas representative office, or a final and enforceable order of the commissioner or the finance commission;
(3) has misrepresented or concealed a material fact in the original registration;
(4) has violated a condition of an agreement between the foreign bank and the commissioner, a bank supervisory agency, or another state regulatory agency; or
(5) conducts business in an unsafe and unsound manner.
(1) has refused to permit the commissioner to examine the books, papers, accounts, records, or affairs of a Texas representative office in accordance with Sections 204.002 and 204.003;
(2) has violated this subtitle, another law or rule applicable to a foreign bank or a Texas representative office, or a final and enforceable order of the commissioner or the finance commission;
(3) has misrepresented or concealed a material fact in the original registration;
(4) has violated a condition of an agreement between the foreign bank and the commissioner, a bank supervisory agency, or another state regulatory agency; or
(5) conducts business in an unsafe and unsound manner.
Status: in_force · Read it on the official government site
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