Texas § FI.182.006 - ISSUANCE OF CHARTER
Full text of Texas The Texas Constitution § FI.182.006 — ISSUANCE OF CHARTER, with citation guidance and answers to common questions.
§ FI.182.006. ISSUANCE OF CHARTER
ISSUANCE OF CHARTER. A state trust company may not engage in the trust business until it receives its charter from the banking commissioner. The banking commissioner may not deliver the charter until the state trust company has: (1) received cash in at least the full amount of restricted capital from subscriptions for the issuance of shares or participation shares; (2) elected or qualified the initial officers and directors or managers, as appropriate, named in the application for charter or other officers and directors or managers approved by the banking commissioner; and (3) complied with all other requirements of this subtitle relating to the organization of the state trust company. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.182.006
What does The Texas Constitution § FI.182.006 cover?
Section FI.182.006 ("ISSUANCE OF CHARTER") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.182.006?
A common citation format is "The Texas Constitution § FI.182.006" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.182.006 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.