Case Information
*1 OFFICE OF THE AITORNEY GENERAL OF TEXAS AUSTIN
Bonomsble Si; A.~Jamlson, CornmIssIoner
Department of Benking - 14 - Texas
Auatln , cappita% et00k;~~at any ragular meotlniz of 8t00kh0iae ‘\ertib\ or any eptWa1 meet- oalled for wlpt pur- $os6~,vote.,~o.&knd the oharter the board of dt reet+or~.@%aU’prepare, exeaute in thl9 mmnmr pm- vide4Sor tie exeaution of rrtlolen of aesoeiaticm, and fila,W~th the Comiseioner i4n amndmnt to the srtioles of aasoolation. If the CcamLmrioner fInda. the iIEmnlmeJlt is not violative o? *w alIf3 does that not prf~judt~e the inte=8ts 0f a9p0dt0m and dab tars or the publla, he shall approve auoh amendment to the bank a oertified uopy the-of, end atamr and said araendment shall thereupon boame effective; provided, hovever, that Ii a etate~bttnk doe8 not have the power to.reaelve demand dep~rslts;zm amend- ments of Its articles of asimaiat on ad t povsr~pmvlded under rubssctloam te)~ .(a %)yd) oti (f] o? Artiole l,of thla ahapter Lad & a&nC oban>hedmlaileofmyrtateI%inkteanother *2 : ” iimorable H. A. Jamleon,Pa&e 2
alty or tom shall be effeotive until approved alty or tom shall be effeotive until approved by theStateBankingBardLathethe~rprovided by theStateBankingBardLathethe~rprovided for the approval f? 8n orl@nal.applloatlon for the approval f? 8n orl@nal.applloatlon for for charter. l l * * charter. l l * *
‘Ibo amoval of 8 bank * a l~.rftfl purpose for vhI.Oh purpose its ohmtezl may be amexled, hut no amend-, mnt obanging Ita Wile to aMth8p oitp oc’tovn l Uhl1 be sffeotive until approved by WIO State BBnkhg Board In thenwmerprovlded for the approvalo?anor&lnal ap:Jlioatlou for alamter.
Wetakelttobetlmtthe@twdmhoulddeterraine the Queetloao?mlnovalorsuoh?x4ukupoal the sameboMsier- ationa .Wtat vould &da the Board in permittins the inoorpora- tioh of a xtev State bank ior the designated .oity, or tom. In ~therworaa, the~BoardethoulAreqube the8ppllcrantbmkto 3 Se&ion &and all other pert;- meet tti’ tem.o?~~&tiola nent raquiremint~ 0S a new b5nk for that oity ar’tcnm, iwlu- d&q, o?oourse, thea&UtZoaslaneas to whothor the reatoval~ would pra&diaa tba ineerasta~o? aapottl~ora and emditom or the pubU0.
It appaaxy to’ibivi beem &o &aotios 6? the Btiak& Do;artmont to permlt+name~to?.the aharter of a State bank f0r.W purpose a?~ abanging its domloile~ even.be?ore the adoptlou 0r the Bankins.Code. See aguns oplnlou to Mr. Bmnd, Coma&aaLoner, Opluion No. 83, o? dato~Janurrg~22, 1934. there expressed by QOm#el that NOh aPlendwwt l'ho trieV’~s wuuZdnotermtrave%m the oormtltutl~lreq llirmentthatthe onaand onlyplaae ofbuainess ofa State bmk&ouldbq that deeQiatc4 In Lta.ahmter.
The Legislature ll’fihq alaotaetit b? the code haa reaognicad thin VlW, but vlth the quali?lO#laua oontslned In Artiole l.2, SeotSon III, above quoted.
APPROvLm WAY 31, .lg44 ATTORRSY - OFTmLris AlTORREX OSSRAL Ooie Speer .pY 1s) Asd.stant OStblRtff
APPmvm cometee opinloll ~By B.U.B. ‘chairam