Tex. Fin. Code § 182.007

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 182.007 - Deadline to Begin Business

If a state trust company does not open and engage in the trust business within six months after the date it receives its charter or conditional approval of application for charter, the banking commissioner may revoke the charter or cancel the conditional approval of application for charter without judicial action.

Tex. Fin. Code § 182.007

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. 9/1/1999.