Section 182.019 - Prior Exemption(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).Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 250,Sec. 9, eff. 9/1/2015.Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. 9/1/1999.