Texas Finance Code 182.016 – Grounds for Revocation of Exemption
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Terms Used In Texas Finance Code 182.016
- Rule: includes regulation. See Texas Government Code 311.005
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 § 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.