Tex. Fin. Code § 182.016

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 182.016 - Grounds for Revocation of Exemption

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.

Tex. Fin. Code § 182.016

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. 9/1/1999.