Texas § FI.182.018 - ACTION AFTER REVOCATION OF EXEMPTION
Full text of Texas The Texas Constitution § FI.182.018 — ACTION AFTER REVOCATION OF EXEMPTION, with citation guidance and answers to common questions.
§ FI.182.018. ACTION AFTER REVOCATION OF EXEMPTION
ACTION AFTER REVOCATION OF EXEMPTION. (a) A state trust company must comply with all of the provisions of Sections 182.003 (b) and (c) not later than the fifth day after the date the revocation of the exemption takes effect. If, however, the banking commissioner determines at the time of revocation that the state trust company has been engaging in or attempting to engage in acts intended or designed to deceive or defraud the public, the banking commissioner, in the banking commissioner's sole discretion, may waive the compliance period provided by this subsection. (b) If within the period prescribed by Subsection (a) the state trust company does not comply with all of the provisions of this subtitle, including capitalization requirements determined by the banking commissioner as necessary to assure the safety and soundness of the state trust company, the banking commissioner may: (1) institute any action or remedy prescribed by this subtitle or any applicable rule; or (2) refer the state trust company to the attorney general for institution of a quo warranto proceeding to revoke the state trust company's charter. 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.182.018
What does The Texas Constitution § FI.182.018 cover?
Section FI.182.018 ("ACTION AFTER REVOCATION OF EXEMPTION") 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.182.018?
A common citation format is "The Texas Constitution § FI.182.018" (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.182.018 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.