# Tex. Finance Code § 182.009: APPLICATION OF GENERAL CORPORATE LAW

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C182_S182.009

## Section

- **Citation:** Tex. Finance Code § 182.009
- **Heading:** APPLICATION OF GENERAL CORPORATE LAW
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 182 / Section 182.009

## Text

(a) The Business Organizations Code applies to a trust association as if it were a for-profit corporation, and to a limited trust association as if it were a limited liability company, to the extent not inconsistent with this subtitle or the proper business of a state trust company, except that:

(1) a reference to the secretary of state means the banking commissioner unless the context requires otherwise; and

(2) the right of shareholders or participants to cumulative voting in the election of directors or managers exists only if granted by the state trust company's certificate of formation.

(b) Unless expressly authorized by this subtitle or a rule of the finance commission, a state trust company may not take an action authorized by a law listed under Subsection (a) regarding its corporate status, capital structure, or a matter of corporate governance, of the type for which a law listed under Subsection (a) would require a filing with the secretary of state if the state trust company were a filing entity, without submitting the filing to the banking commissioner for prior written approval of the action.

(c) The finance commission may adopt rules to alter or supplement the procedures and requirements of the laws listed by Subsection (a) applicable to an action taken under this chapter by a state trust company.

(d) In this subtitle, a reference to a term or phrase listed in a subdivision of Section 1.006, Business Organizations Code, includes a synonymous term or phrase referenced by the same subdivision in Section 1.006 of that code.

## 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_S182.009. Check the current official text before relying on it. Not legal advice.