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Terms Used In Texas Finance Code 184.401

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005

Except with the prior written approval of the banking commissioner, a state trust company may not have outstanding liabilities, excluding trust deposit liabilities arising under § 184.301, that exceed an amount equal to five times its restricted capital.