Texas Register, Volume 9, Number 66, Pages 4703-4756, September 4, 1984 Page: 4,741
4703-4756 p. ; 28 cm.View a full description of this periodical.
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An agency may take final action on a rule 30 days after a proposal
has been published in the Register The rule becomes effective
20 days after the agency files the correct document with the Texas
Register, unless a later date is specified or unless a federal sta-
tute or regulation requires implementation of the action on short-
er noticeThe document, as published in the Register, must Indicate whether
the rule is adopted with or without changes to the proposal The
notice must also include paragraphs which explain the legal justifi-
cation for the rule, how the rule will function contain comments
received on the proposal, list parties submitting comments for and
against the rule, explain why the agency disagreed with suggest-
ed changes, and contain the agency s Interpretation of the sta-
tute under which the rule was adopted
If an agency adopts the rule without any changes to the proposed
text, only the preamble of the notice and statement of legal authori-
ty will be published The text of the rule, as appropriate, will be
published only if final action is taken with alterations to the
proposal The certification Information, following the submission,
contains the effective date of the final action, the proposal s pub-
lication date, and a telephone number to call for further infor-
mationTITLE 7. BANKING AND
SECURITIES
Part II. Banking Department of
Texas
Chapter 10. Trust Companies
General
7 TAC 10 1
The Banking Department of Texas adopts new 10 1,
without changes to the proposed text published in the
May 8, 1984, issue of the Texas Register (9 TexReg
2515)
The new section clarifies the applicability of Texas
Civil Statutes, Article 1513a, to all trust companies
exercising fiduciary powers, regardless of the statute
under which such trust companies were formed The
new section requires all corporations organized under
Texas law which exercise fiduciary powers to comply
with the requirements of this article, which requires
a minimum capital of $500,000 and annual examina-
tion by the department
The department received one comment in favor of the
new section, stating that this section is needed to pre-
vent abuses to the public by those few trust compa-
nies that operate with marginal capitalization and
inadequate management No negative comments
were received Jeffery L Hart, Reynolds, Allen, and
Cook, commented in favor of the new section
The new section is adopted under Texas Civil Stat-
utes, Article 1513a, which provide the banking com-Adopted
Rulesmissioner with the authority to supervise trust com-
panies organized under the laws of the State of Texas.
This agency hereby certifies that the rule as adopted
has been reviewed by legal counsel and found to be
a valid exercise of the agency's legal authority.
Issued in Austin, Texas, on August 23, 1984TRD-848878
Archie P Clayton III
General Counsel
Banking Department of TexasEffective date October 1, 1984
Proposal publication date May 8, 1984
For further information, please call (512) 475-4451.
TITLE 16. ECONOMIC
REGULATION
Part IV. Texas Department of
Labor and Standards
Chapter 65. Boiler Division
Administration
16 TAC 65 20
The Texas Department of Labor and Standards adopts
an amendment to 65 20, without changes to the pro-
posed text published in the February 28, 1984, issue
of the Texas Register (9 TexReg 1192)September 4, 1984
9 TexReg 4741
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Texas. Secretary of State. Texas Register, Volume 9, Number 66, Pages 4703-4756, September 4, 1984, periodical, September 4, 1984; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth243620/m1/39/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.