(a) An exempt state trust company shall comply with the home office provisions of § 182.202.
(b) The grant of an exemption to a state trust company does not affect the state trust company’s obligation to pay any corporate franchise tax required by state law.

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Terms Used In Texas Finance Code 182.014

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.