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Tex. Finance Code § 182.019

PRIOR EXEMPTION

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 182.019, PRIOR EXEMPTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646579
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(a) Subject to Subsection (b), a state trust company that was exempt before September 1, 1997, may no longer operate with that prior exempt status after the earlier of: (1) September 1, 2020; or (2) the date control is sold or otherwise transferred. (b) A state trust company may apply for a new exemption under Section 182.011 before loss of its exempt status under Subsection (a).