Tex. Fin. Code § 182.015 · Subchapter A. ORGANIZATION AND POWERS IN GENERAL
CHANGE OF CONTROL OF EXEMPT STATE TRUST COMPANY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If control of an exempt state trust company is sold or otherwise transferred, the acquiring person must comply with Sections 182.003, 182.004, 182.005, 183.001, and 183.002. For the exempt status of the state trust company to continue, the acquiring person must file a certification with the banking commissioner that the state trust company will comply, or continue to comply, with the requirements of Section 182.011 after control is transferred. The banking commissioner may examine or investigate the acquiring person and the state trust company as necessary to verify the certification. If the commissioner determines that the state trust company will not comply, or continue to comply, with the requirements of Section 182.011 after control is transferred, the commissioner shall terminate the exemption on the effective date of the transfer. After the termination, the acquiring person must file a separate application to obtain a new exemption for the state trust company under Section 182.011.
Notes and commentary — not statutory text
History
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. 8, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.182.htm
- Text hash
- sha256 414738ab9fb6d37e290ce9fa46f9bbdb1c4c6c550c7174f5e8b9e57f8c692a98
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Finance Code
- Tex. Fin. Code § 182.003APPLICATION FOR STATE TRUST COMPANY CHARTER; STANDARDS FOR APPROVAL.Printed as Sections 182.003, 182.004, 182.005, 183.001, and 183.002
- Tex. Fin. Code § 182.004NOTICE AND INVESTIGATION OF CHARTER APPLICATION.Printed as Sections 182.003, 182.004, 182.005, 183.001, and 183.002
- Tex. Fin. Code § 182.005PROTEST; HEARING; DECISION ON CHARTER APPLICATION.Printed as Sections 182.003, 182.004, 182.005, 183.001, and 183.002
- Tex. Fin. Code § 182.011EXEMPTION FROM STATUTORY PROVISIONS FOR CERTAIN STATE TRUST COMPANIES.Printed as Section 182.011
- Tex. Fin. Code § 183.001ACQUISITION OF CONTROL.Printed as Sections 182.003, 182.004, 182.005, 183.001, and 183.002
- Tex. Fin. Code § 183.002APPLICATION REGARDING ACQUISITION OF CONTROL.Printed as Sections 182.003, 182.004, 182.005, 183.001, and 183.002
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.