# Tex. Finance Code § 32.007: DEADLINE TO BEGIN BUSINESS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C32_S32.007

## Section

- **Citation:** Tex. Finance Code § 32.007
- **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 32 / Section 32.007

## Text

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.

## 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_S32.007. Check the current official text before relying on it. Not legal advice.