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Tex. Finance Code § 182.016

GROUNDS FOR REVOCATION OF EXEMPTION

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 182.016, GROUNDS FOR REVOCATION OF EXEMPTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646576
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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.