Texas Finance Code

§ 182.016 — GROUNDS FOR REVOCATION OF EXEMPTION

FI § 182.016Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 182. POWERS, ORGANIZATION, AND FINANCIAL REQUIREMENTS · Art. A. ORGANIZATION AND POWERS IN GENERAL

Statute text

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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.

Legislative history

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