LIMITATION ON EFFECT OF EXEMPTION
Known as the Texas Trust Company Act
The act spans §§ 181–199 (242 sections).
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff
(a) An exempt state trust company shall comply with the home office provisions of Section 182.202.
(b) The grant of an exemption to a state trust company does not affect the state trust company's obligation to pay any corporate franchise tax required by state law.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.