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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A state bank may establish and maintain a branch office at any location on prior written approval of the banking commissioner. If the banking commissioner does not have a significant supervisory or regulatory concern regarding the proposed branch, the applicant, or an affiliate of the applicant, the banking commissioner shall approve the application.
(b) The finance commission may adopt rules establishing additional standards for the approval of branch offices.
(c) A state bank may not establish or maintain a branch on the premises or property of an affiliate if the affiliate engages in a commercial activity.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 32.203. Branch Offices - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-32-203/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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