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§ 182.007. DEADLINE TO BEGIN BUSINESS.

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TX Code › Code fi › Chapter 182 › Section 182.007

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

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.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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§ 182.007. DEADLINE TO BEGIN BUSINESS. · Tex. Finance Code § 182.007 | Frix