# Tex. Finance Code § 181.006: EXEMPTION OF TRUST INSTITUTION DIRECTORS AND PERSONNEL FROM SECURITIES LAW

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.006

## Section

- **Citation:** Tex. Finance Code § 181.006
- **Heading:** EXEMPTION OF TRUST INSTITUTION DIRECTORS AND PERSONNEL FROM SECURITIES LAW
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 181 / Section 181.006

## Text

An officer, director, manager, managing participant, or employee of a trust institution with fewer than 500 shareholders or participants, including a state trust company or a trust institution organized under the laws of another state that lawfully maintains an office in this state, or a holding company with fewer than 500 shareholders or participants that controls a trust institution is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code) with respect to that person's participation in a transaction, including a sale, involving securities issued by the trust institution or the holding company of which that person is an officer, director, manager, managing participant, or employee if the person is not compensated for the person's participation in the transaction.

## Nearby sections

- [Tex. Finance Code § 181.001 § 181.001. SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.001.md)
- [Tex. Finance Code § 181.002 § 181.002. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.002.md)
- [Tex. Finance Code § 181.003 § 181.003. TRUST COMPANY RULES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.003.md)
- [Tex. Finance Code § 181.004 § 181.004. IMPLYING THAT PERSON IS TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.004.md)
- [Tex. Finance Code § 181.005 § 181.005. LIABILITY OF TRUST COMPANY DIRECTORS AND PERSONNEL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.005.md)
- [Tex. Finance Code § 181.006 § 181.006. EXEMPTION OF TRUST INSTITUTION DIRECTORS AND PERSONNEL FROM SECURITIES LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.006.md)
- [Tex. Finance Code § 181.007 § 181.007. ATTACHMENT, INJUNCTION, OR EXECUTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.007.md)
- [Tex. Finance Code § 181.101 § 181.101. ISSUANCE OF INTERPRETIVE STATEMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.101.md)
- [Tex. Finance Code § 181.102 § 181.102. ISSUANCE OF OPINION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.102.md)
- [Tex. Finance Code § 181.103 § 181.103. EFFECT OF INTERPRETIVE STATEMENT OR OPINION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.103.md)
- [Tex. Finance Code § 181.104 § 181.104. EXAMINATION REQUIREMENT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.104.md)
- [Tex. Finance Code § 181.105 § 181.105. COST OF REGULATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.105.md)
- [Tex. Finance Code § 181.106 § 181.106. REGULATION AND EXAMINATION OF RELATED ENTITIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.106.md)
- [Tex. Finance Code § 181.107 § 181.107. STATEMENTS OF CONDITION AND INCOME; PENALTY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.107.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C181_S181.006. Check the current official text before relying on it. Not legal advice.