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 Section 184.301, that exceed an amount equal to five times its restricted capital.
Tex. Fin. Code § 184.401
BORROWING LIMIT
Known as the Texas Trust Company Act
The act spans §§ 181.001 to 199.005 (242 sections).
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.