Texas § FI.204.116 - ENFORCEMENT
Full text of Texas The Texas Constitution § FI.204.116 — ENFORCEMENT, with citation guidance and answers to common questions.
§ FI.204.116. ENFORCEMENT
ENFORCEMENT. The commissioner may initiate an enforcement action under Chapter 35 or a proceeding to revoke the license of a Texas state branch or agency if the commissioner by examination or other credible evidence finds that the foreign bank: (1) does not currently meet the criteria established by this chapter for the original issuance of a license; (2) has refused to permit the commissioner to examine its books, papers, accounts, records, or affairs in accordance with Sections 204.002 and 204.003 ; (3) has failed to make a report required under this chapter or made a material false or misleading statement in the report; (4) has violated this subtitle, another law or rule applicable to a foreign bank or a Texas state branch or agency, or a final and enforceable order of the commissioner or the finance commission; (5) has misrepresented or concealed a material fact in the original application for license; (6) has violated a condition of its license or an agreement between the foreign bank and the commissioner or the department; or (7) conducts business in an unsafe and unsound manner. Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § FI.204.116
What does The Texas Constitution § FI.204.116 cover?
Section FI.204.116 ("ENFORCEMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.204.116?
A common citation format is "The Texas Constitution § FI.204.116" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.204.116 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.