# Tex. Finance Code § 182.006: ISSUANCE OF CHARTER

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.006

## Section

- **Citation:** Tex. Finance Code § 182.006
- **Heading:** ISSUANCE OF CHARTER
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 182 / Section 182.006

## Text

A state trust company may not engage in the trust business until it receives its charter from the banking commissioner. The banking commissioner may not deliver the charter until the state trust company has:

(1) received cash in at least the full amount of restricted capital from subscriptions for the issuance of shares or participation shares;

(2) elected or qualified the initial officers and directors or managers, as appropriate, named in the application for charter or other officers and directors or managers approved by the banking commissioner; and

(3) complied with all other requirements of this subtitle relating to the organization of the state trust company.

## Nearby sections

- [Tex. Finance Code § 182.001 § 182.001. ORGANIZATION AND GENERAL POWERS OF STATE TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.001.md)
- [Tex. Finance Code § 182.002 § 182.002. CERTIFICATE OF FORMATION OF STATE TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.002.md)
- [Tex. Finance Code § 182.003 § 182.003. APPLICATION FOR STATE TRUST COMPANY CHARTER; STANDARDS FOR APPROVAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.003.md)
- [Tex. Finance Code § 182.004 § 182.004. NOTICE AND INVESTIGATION OF CHARTER APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.004.md)
- [Tex. Finance Code § 182.005 § 182.005. PROTEST; HEARING; DECISION ON CHARTER APPLICATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.005.md)
- [Tex. Finance Code § 182.006 § 182.006. ISSUANCE OF CHARTER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.006.md)
- [Tex. Finance Code § 182.007 § 182.007. DEADLINE TO BEGIN BUSINESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.007.md)
- [Tex. Finance Code § 182.008 § 182.008. RESTRICTED CAPITAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.008.md)
- [Tex. Finance Code § 182.009 § 182.009. APPLICATION OF GENERAL CORPORATE LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.009.md)
- [Tex. Finance Code § 182.010 § 182.010. PARITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.010.md)
- [Tex. Finance Code § 182.011 § 182.011. EXEMPTION FROM STATUTORY PROVISIONS FOR CERTAIN STATE TRUST COMPANIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.011.md)
- [Tex. Finance Code § 182.012 § 182.012. APPLICATION FOR EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.012.md)
- [Tex. Finance Code § 182.013 § 182.013. ANNUAL CERTIFICATION FOR EXEMPT STATE TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.013.md)
- [Tex. Finance Code § 182.014 § 182.014. LIMITATION ON EFFECT OF EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.014.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.006. Check the current official text before relying on it. Not legal advice.