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.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
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