Sec. 181.103. EFFECT OF INTERPRETIVE STATEMENT OR OPINION. An interpretive statement or opinion issued under this subchapter does not have the force of law and is not a rule for the purposes of Chapter 2001, Government Code, unless adopted as a rule by the finance commission as provided by Chapter 2001, Government Code. An interpretive statement or opinion is an administrative construction of this subtitle entitled to great weight if the construction is reasonable and does not conflict with this subtitle.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 181 - General Provisions
Subchapter B. Regulation of Trust Companies by Banking Department
Section 181.101. Issuance of Interpretive Statements
Section 181.102. Issuance of Opinion
Section 181.103. Effect of Interpretive Statement or Opinion
Section 181.104. Examination Requirement
Section 181.105. Cost of Regulation
Section 181.106. Regulation and Examination of Related Entities
Section 181.107. Statements of Condition and Income; Penalty
Section 181.108. Liability of Commission and Department Officers and Personnel Limited