Texas Insurance Code 4001.107 – Issuance of License to Depository Institution
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Terms Used In Texas Insurance Code 4001.107
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The department shall issue a license to a depository institution in the manner provided by this subchapter for the licensing of a corporation.