Tex. Finance Code § 32.007
This is the official text of Tex. Finance Code § 32.007, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 32.007. DEADLINE TO BEGIN BUSINESS.
Official statutory text
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.
Status: in_force · Read it on the official government site
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