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Tex. Tax Code § 171.259

BANKING CORPORATIONS AND SAVINGS AND LOAN ASSOCIATIONS

Texas · Texas Tax Code · Status: effective

Banking, Finance & Insurance
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Tex. Tax Code § 171.259, BANKING CORPORATIONS AND SAVINGS AND LOAN ASSOCIATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/575560
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(a) Except as provided by Subsection (b), this subchapter does not apply to a banking corporation that is organized under the laws of this state or under federal law and has its main office in this state. (b) The banking commissioner shall appoint a conservator under Subtitle A, Title 3, Finance Code, to pay the franchise tax of a banking corporation that is organized under the laws of this state and that the commissioner certifies as being delinquent in the payment of the corporation's franchise tax.