GroundRules
← Search the law
Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 182.019: PRIOR EXEMPTION.

Read at publisher ↗
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

(a) Subject to Subsection (b), a state trust company that was exempt before September 1, 1997, may no longer operate with that prior exempt status after the earlier of:

(1) September 1, 2020; or

(2) the date control is sold or otherwise transferred.

(b) A state trust company may apply for a new exemption under Section 182.011 before loss of its exempt status under Subsection (a).

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

Amended by:

Acts 2015, 84th Leg., R.S., Ch. 250 (S.B. 875), Sec. 9, eff. September 1, 2015.

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

Browse this collection