Sec. 184.401. BORROWING LIMIT. 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.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Section: Previous 184.001 184.002 184.003 184.101 184.102 184.103 184.104 184.105 184.201 184.202 184.203 184.204 184.301 184.302 184.401Last modified: September 28, 2016