Texas § 182.016 GROUNDS FOR REVOCATION OF EXEMPTION.

Texas Statutes

§ 182.016 — GROUNDS FOR REVOCATION OF EXEMPTION.

Texas § 182.016

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 182.016 (2026).

Text

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.

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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.