# Tex. Finance Code § 32.006: ISSUANCE OF CERTIFICATE OF AUTHORITY

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.006

## Section

- **Citation:** Tex. Finance Code § 32.006
- **Heading:** ISSUANCE OF CERTIFICATE OF AUTHORITY
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 32 / Section 32.006

## Text

A state bank may not engage in the business of banking until it receives a certificate of authority from the banking commissioner. The banking commissioner may not deliver the certificate of authority until the bank has:

(1) received cash for the issuance of all authorized shares in the full amount subscribed;

(2) elected or qualified the initial officers and directors named in the application for charter or other officers and directors approved by the banking commissioner; and

(3) complied with all the other requirements of this subtitle relating to the organization of state banks.

## Nearby sections

- [Tex. Finance Code § 32.001 § 32.001. ORGANIZATION AND GENERAL POWERS OF STATE BANK.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.001.md)
- [Tex. Finance Code § 32.002 § 32.002. CERTIFICATE OF FORMATION OF STATE BANK.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.002.md)
- [Tex. Finance Code § 32.003 § 32.003. APPLICATION FOR STATE BANK CHARTER; STANDARDS FOR APPROVAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.003.md)
- [Tex. Finance Code § 32.004 § 32.004. NOTICE AND INVESTIGATION OF CHARTER APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.004.md)
- [Tex. Finance Code § 32.005 § 32.005. PROTEST; HEARING; DECISION ON CHARTER APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.005.md)
- [Tex. Finance Code § 32.006 § 32.006. ISSUANCE OF CERTIFICATE OF AUTHORITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.006.md)
- [Tex. Finance Code § 32.007 § 32.007. DEADLINE TO BEGIN BUSINESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.007.md)
- [Tex. Finance Code § 32.008 § 32.008. APPLICATION OF GENERAL CORPORATE LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.008.md)
- [Tex. Finance Code § 32.009 § 32.009. PARITY BETWEEN STATE AND NATIONAL BANKS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.009.md)
- [Tex. Finance Code § 32.010 § 32.010. ADDITIONAL POWERS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.010.md)
- [Tex. Finance Code § 32.011 § 32.011. FINANCIAL ACTIVITIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.011.md)
- [Tex. Finance Code § 32.101 § 32.101. AMENDMENT OR RESTATEMENT OF STATE BANK CERTIFICATE OF FORMATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.101.md)
- [Tex. Finance Code § 32.102 § 32.102. ESTABLISHING SERIES OF SHARES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.102.md)
- [Tex. Finance Code § 32.103 § 32.103. CHANGE IN OUTSTANDING CAPITAL AND SURPLUS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.103.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.006. Check the current official text before relying on it. Not legal advice.