Sec. 182.016. GROUNDS FOR REVOCATION OF EXEMPTION. 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.
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 182 - Powers, Organization, and Financial Requirements
Subchapter A. Organization and Powers in General
Section 182.001. Organization and General Powers of State Trust Company
Section 182.002. Certificate of Formation of State Trust Company
Section 182.003. Application for State Trust Company Charter; Standards for Approval
Section 182.004. Notice and Investigation of Charter Application
Section 182.005. Protest; Hearing; Decision on Charter Application
Section 182.006. Issuance of Charter
Section 182.007. Deadline to Begin Business
Section 182.008. Restricted Capital
Section 182.009. Application of General Corporate Law
Section 182.0105. Financial Activities
Section 182.011. Exemption From Statutory Provisions for Certain State Trust Companies
Section 182.012. Application for Exemption
Section 182.013. Annual Certification for Exempt State Trust Company
Section 182.014. Limitation on Effect of Exemption
Section 182.015. Change of Control of Exempt State Trust Company
Section 182.016. Grounds for Revocation of Exemption
Section 182.017. Notice and Effect of Revocation of Exemption
Section 182.018. Action After Revocation of Exemption
Section 182.019. Prior Exemption
Section 182.020. Foreign Corporation Exercising Trust Powers