Case Information
*1 :
OPCICE OF T’NE AFTORNEY OXNLRAL OF TXXM
AUITIN
ID l pah m *2 )mn aot~ bra the pruotio. Of thi8 D.P-* tononmlno 6UOh 00rpOmtioM.
“m. pin-per. oi
thir onquirf 1s tag U.** ~1s w~tbsr er not la your c~piaion fhe. Depart- -n* i8 lxtquina to rut0 rurh l rnlMeJM ad ii 80, roala the pmrielo~ thut roqaim State m to be, emuisod trio. a ymr be 8pplioable, ml *~pzd it roller that State Bmk Bn8l~1on rotid be drrl l ~th@ribed t0 oonduet 8UOk @X68- Mtienr as II the oare of Stat* butlu. 0~ rin point of oonoorn, W ia(llmt.d •b~r. rfrofher or not ,tha ri8ltUtiO~ @Wl/sr ma&- r-t 18 ‘pOSd88iW Or Obl%@tO~.’ tion
Artiole 1519 of the c;lWU~ Ot h’tiO108 sited by PM d6olareo:
"au& OOr~~tiOl.I8 8hall be subjeat at 411 tilW8 t0 the 8llptlETi8iOIl alid MXltrOl Or t&a Burk- UUd rhall O@IkfO~tO til lUW- in6 COBld8~1OllOT, O? 8uoh 0Omni881Oner. NO 8uoh fdl re@rtiOllr bWiBa8 Until l Utho riUd or mtion 8hR11 b&B iof? 0 80 by suoh COrri88iOUW attar 88ti8?UtOl'y Shoring rd. that 8uOh ootporutioa ha8 allied with the law, and thereafter it 8hall make r8- port8 to suoh C@rri88iOIlOr Urd bo rubjeot k 8Wh perlodioal Ti8itUtiOM all l xaainut~eu# under hi8 dinotien, and 8hall #al fa.8 tbrro- foo&all I8 in the dara of Stub b8mklng eorporr hUT8 8uOh pOWm . -id aoari88iOWr 8hrl1 with wfer@nM tt.9 tuking ohargo o? saoh oorpom- tioar, liqnldatlng 8am0, and for like l anru a8 an po880880d by hla with nferwloo to atut bMk8.w i8, WO fhiUk, DOt Ofiy ThO OfrOOt Or thi0 litiiOi0 th8 -in6 COWi88iOMr the p0U.r of Vi8i-
t0 OOIBfOr U-Xl kdiOn Md UMiMtiOl, but by the 8~ toka uku aa& it of 8uoh OOrpmtien8 th. duty ~i8if~tiOn urd O-tiOn Of the %tiillg COEi88iOnOr plTWi8~ly U in the @(LB* of Stat0 bankin oo~rporatlon8. In otfioial pwer aad duty i8 not di8entieaary with thw OOni.=~ 1 1 II l n 0ffiO.r in hi utter eo 8QOh offiO@r Or it8 OXOF3iW urd perfOmo@, but 18 mndutory. *3 J Y Htmorrblo Jobn 0. NOAdUU - Pa60 8
Trwtlng that What we ha+* 84id 6Qrm6tly 4JUWOm your Inquiry, vm 4rm
Very truly your8 ATPO~G~OFTEXA8 AFPEomo Jme. t,104a APPROV-JID Goruld C. XMII (8) opIai@n corrittu Attorno~Gonenlof Tekm BY B. 1. B. chaizua