Tex. Finance Code § 182.019
This is the official text of Tex. Finance Code § 182.019, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 182.019. PRIOR EXEMPTION.
Official statutory text
(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).
(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).
Status: in_force · Read it on the official government site
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