Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) Except as provided by Subsection (b), this subchapter does not apply to a banking corporation that is organized under the laws of this state or under federal law and has its main office in this state.
(b) The banking commissioner shall appoint a conservator under Subtitle A, Title 3, Finance Code, to pay the franchise tax of a banking corporation that is organized under the laws of this state and that the commissioner certifies as being delinquent in the payment of the corporation's franchise tax.
Cite this article: FindLaw.com - Texas Tax Code - TAX § 171.259. Banking Corporations and Savings and Loan Associations - last updated April 14, 2021 | https://codes.findlaw.com/tx/tax-code/tax-sect-171-259/
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