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Can you summarize Tex. Fin. Chapter 203?
BANK HOLDING COMPANIES; INTERSTATE BANK OPERATIONS > INTERSTATE BANK MERGERS AND BRANCHING
Short Summary
These legal documents found in the Texas Statutes under the Finance Code govern interstate bank mergers and branching. They outline the conditions and requirements for Texas state banks to establish and maintain branches in states other than Texas, as well as the requirements for out-of-state banks to establish de novo branches in Texas. The documents also cover the authority of the banking commissioner to examine interstate branches maintained by out-of-state state banks in Texas to ensure compliance with applicable state laws. There are no specific exemptions or penalties mentioned in these documents.
Whom does it apply to?
Texas state banks, out-of-state banks
What does it govern?
Interstate bank mergers and branching
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Texas