Texas Finance Code

§ 183.002 — APPLICATION REGARDING ACQUISITION OF CONTROL

FI § 183.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 183. OWNERSHIP AND MANAGEMENT OF STATE TRUST COMPANY · Art. A. TRANSFER OF OWNERSHIP INTEREST

Statute text

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(a)The transferee in an acquisition of control of a state trust company or of a person that controls a state trust company must file an application for approval of the acquisition. The application must:

(1)be under oath and on a form prescribed by the banking commissioner;

(2)contain all information that:

(A)is required by rules adopted under this subtitle; or

(B)the banking commissioner requires in a particular application as necessary to an informed decision to approve or reject the acquisition; and

(3)be accompanied by any filing fee required by statute or rule.

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 735 (H.B. 2754), Sec. 17, eff. September 1, 2007.