Tex. Fin. Code Section 182.105
Board Designation of Certified Surplus

Periodically the board may vote to designate and record in its minutes the amount of certified surplus. Except to absorb losses in excess of undivided profits and uncertified surplus, certified surplus may not be reduced without the prior written approval of the banking commissioner.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.

Source: Section 182.105 — Board Designation of Certified Surplus, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­182.­htm#182.­105 (accessed May 4, 2024).

182.001
Organization and General Powers of State Trust Company 182.002
Certificate of Formation of State Trust Company 182.003
Application for State Trust Company Charter 182.004
Notice and Investigation of Charter Application 182.005
Protest 182.006
Issuance of Charter 182.007
Deadline to Begin Business 182.008
Restricted Capital 182.009
Application of General Corporate Law 182.010
Parity 182.011
Exemption from Statutory Provisions for Certain State Trust Companies 182.012
Application for Exemption 182.013
Annual Certification for Exempt State Trust Company 182.014
Limitation on Effect of Exemption 182.015
Change of Control of Exempt State Trust Company 182.016
Grounds for Revocation of Exemption 182.017
Notice and Effect of Revocation of Exemption 182.018
Action After Revocation of Exemption 182.019
Prior Exemption 182.020
Foreign Corporation Exercising Trust Powers 182.021
Activities Not Requiring Charter 182.101
Amendment or Restatement of State Trust Company Certificate of Formation 182.102
Establishing Series of Shares or Participation Shares 182.103
Change in Restricted Capital 182.104
Capital Notes or Debentures 182.0105
Financial Activities 182.105
Board Designation of Certified Surplus 182.201
Conduct of Trust Business 182.202
Home Office 182.203
Additional Offices 182.0211
Conformance with Securities Act 182.301
Merger Authority 182.302
Merger Application 182.303
Approval of Banking Commissioner 182.304
Rights of Dissenters to Merger 182.401
Authority to Purchase Assets 182.402
Authority to Act as Disbursing Agent 182.403
Liquidation of Selling Institution 182.404
Payment to Creditors 182.405
Sale of Assets 182.501
Merger or Conversion of State Trust Company into Another Trust Institution Exercising Fiduciary Powers 182.502
Conversion of Trust Institution into State Trust Company
Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 182.105’s source at texas​.gov