Texas Finance Code

§ 204.101 — APPLICATION TO ESTABLISH BRANCH OR AGENCY

FI § 204.101Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part G. BANK HOLDING COMPANIES; INTERSTATE BANK OPERATIONS · Ch. 204. FOREIGN BANKS · Art. B. DIRECT BRANCH AND AGENCY OFFICES OF FOREIGN BANKS

Statute text

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(a)A foreign bank that desires to establish and maintain a Texas state branch or agency shall submit an application to the commissioner. The application must:

(1)be accompanied by all application fees and deposits required by applicable rules;

(2)be in the form specified by the commissioner;

(3)be subscribed and acknowledged by an officer of the foreign bank;

(4)have attached:

(A)a complete copy of the foreign bank's application to the Board of Governors of the Federal Reserve System under Section 7(d), International Banking Act (12 U.S.C. Section 3105(d));

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 575 (S.B. 804), Sec. 36, eff. June 14, 2013.