Sec. 182.014. LIMITATION ON EFFECT OF EXEMPTION

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(a) An exempt state trust company shall comply with the home office provisions of Section 182.202.
(b) The grant of an exemption to a state trust company does not affect the state trust company's obligation to pay any corporate franchise tax required by state law.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.

                    
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