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Can you summarize Tex. Tax Section 171.316?

FORFEITURE OF CHARTER OR CERTIFICATE OF AUTHORITY > BANKING CORPORATIONS.

Short Summary

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. Added by Acts 1984, 68th Leg., 2nd C.S., ch. 31, art. 3, part B, Sec. 6, eff. May 1, 1985. Amended by Acts 1999, 76th Leg., ch. 184, Sec. 5, eff. Jan. 1, 2000.

Jurisdiction

Texas

Source
Tex. Tax Section 171.316 [https://reggi.cloud.regology.com/regulations/US-TXST/US-TXST_D_TX_T_2_ST_F_C_171_SC_G_S_316]