# Tex. Finance Code § 182.007: DEADLINE TO BEGIN BUSINESS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.007

## Section

- **Citation:** Tex. Finance Code § 182.007
- **Heading:** DEADLINE TO BEGIN BUSINESS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 182 / Section 182.007

## 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.

## Nearby sections

- [Tex. Finance Code § 182.001 § 182.001. ORGANIZATION AND GENERAL POWERS OF STATE TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.001.md)
- [Tex. Finance Code § 182.002 § 182.002. CERTIFICATE OF FORMATION OF STATE TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.002.md)
- [Tex. Finance Code § 182.003 § 182.003. APPLICATION FOR STATE TRUST COMPANY CHARTER; STANDARDS FOR APPROVAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.003.md)
- [Tex. Finance Code § 182.004 § 182.004. NOTICE AND INVESTIGATION OF CHARTER APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.004.md)
- [Tex. Finance Code § 182.005 § 182.005. PROTEST; HEARING; DECISION ON CHARTER APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.005.md)
- [Tex. Finance Code § 182.006 § 182.006. ISSUANCE OF CHARTER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.006.md)
- [Tex. Finance Code § 182.007 § 182.007. DEADLINE TO BEGIN BUSINESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.007.md)
- [Tex. Finance Code § 182.008 § 182.008. RESTRICTED CAPITAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.008.md)
- [Tex. Finance Code § 182.009 § 182.009. APPLICATION OF GENERAL CORPORATE LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.009.md)
- [Tex. Finance Code § 182.010 § 182.010. PARITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.010.md)
- [Tex. Finance Code § 182.011 § 182.011. EXEMPTION FROM STATUTORY PROVISIONS FOR CERTAIN STATE TRUST COMPANIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.011.md)
- [Tex. Finance Code § 182.012 § 182.012. APPLICATION FOR EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.012.md)
- [Tex. Finance Code § 182.013 § 182.013. ANNUAL CERTIFICATION FOR EXEMPT STATE TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.013.md)
- [Tex. Finance Code § 182.014 § 182.014. LIMITATION ON EFFECT OF EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.014.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.007. Check the current official text before relying on it. Not legal advice.