City National Bank of Austin v. Falkner

Suit was by City National Bank of Austin for a declaratory judgment that Texas State Bank could not move its domicile and banking house from one location in Austin to another location in the same city without approval of the State Banking Board, and for injunctive relief. The trial court entered summary judgment that plaintiff take nothing. The court of civil appeals affirmed. 428 S.W.2d 429.

By legislative act, passed in 1967, Article 14 was added to the Texas Banking Code. See Acts, 60th Legislature, chapter 673, p. 1772. The Act contains the following provisions:

“No state bank shall…