:
I
OPCICE OF T’NE AFTORNEY OXNLRAL OF TXXM
AUITIN
IDlp a h m
)mn aot~ bra the pruotio. Of thi8 D.P-*
tononmlno 6UOh 00rpOmtioM.
“m. pin-per.oi thir onquirf 1s tagU.**
~1s w~tbsr er not la your c~piaionfhe.Depart-
-n*i8lx tq uina to r ut0 r ur l
hr nlM eJM a d
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 I II the oare of Stat* butlu. 0~
rin point of oonoorn, W ia(llmt.d •b~r. 18
rfrofheror not ,tha ri8ltUtiO~ @Wl/sr ma&-
tion r-t 18 ‘pOSd88iW Or Obl%@tO~.’
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 alidMXltrOl Or t&a Burk-
in6 COBld8~1OllOT, UUd rhall O@IkfO~tO til lUW-
fdl re@rtiOllr O? 8uoh 0Omni881Oner. NO 8uoh
or mtion 8hR11 b&B bWiBa8 Until lUth o r iUd
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@rri88iOIlOrUrd bo rubjeot k
8Wh perlodioal Ti8itUtiOM a lllxaainut~eu#
under hi8 dinotien, and 8hall #al fa.8 tbrro-
foo&all I8 in the dara of Stub b8mklng eorporr
. -id aoari88iOWr 8hrl1 hUT8 8uOh pOWm
with wfer@nM tt.9 tuking ohargo o? saoh oorpom-
tioar, liqnldatlng 8am0, and for like lanru a8
an po880880d by hla with nferwloo to atut
bMk8.w
ThO OfrOOt Or thi0 litiiOi0 i8, WO fhiUk, DOt Ofiy
t0 OOIBfOr U-Xl th8 -in6 COWi88iOMr the p0U.r of Vi8i-
kdiOn Md UMiMtiOl, but by the 8~ toka it uku aa&
~i8if~tiOn urd O-tiOn of 8uoh OOrpmtien8 th. duty
Of the %tiillg COEi88iOnOr plTWi8~ly U in the @(LB*of
Stat0 bankin oo~rporatlon8. In otfioial pwer aad duty
th w OOni.=~ 1 1 IIln 0ffiO.r i8 not di8entieaary with
8QOh offiO@r in eohi utter Or it8 OXOF3iW urd perfOmo@,
but 18 mndutory.
Y
J
Htmorrblo Jobn 0. NOAdUU - Pa60 8
Trwtlng that What we ha+* 84id 6Qrm6tly 4JUWOm
your Inquiry, vm 4rm
Very truly your8
ATPO~G~OFTEXA8
0843
AFPEomo Jme. t,104a APPROV-JID
(8) Goruld C. XMII opIai@n corrittu
Attorno~Gonenlof Tekm BY B. 1. B. chaizua