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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 182.016: GROUNDS FOR REVOCATION OF EXEMPTION.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
  3. SUBTITLE F. TRUST COMPANIES
  4. CHAPTER 182. POWERS, ORGANIZATION, AND FINANCIAL REQUIREMENTS
  5. SUBCHAPTER A. ORGANIZATION AND POWERS IN GENERAL

The banking commissioner may revoke an exemption of a state trust company if the trust company:

(1) makes a false statement under oath on any document required to be filed by this subtitle or finance commission rule;

(2) fails to submit to an examination as required by Section 181.104;

(3) withholds requested information from the banking commissioner; or

(4) violates any provision of this subtitle applicable to an exempt state trust company.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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