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Tex. Finance Code § 32.007

DEADLINE TO BEGIN BUSINESS

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 32.007, DEADLINE TO BEGIN BUSINESS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645049
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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.