Form CORP-T10 "Trust Company Worksheet - Transaction" - Texas

What Is Form CORP-T10?

This is a legal form that was released by the Texas Department of Banking - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on June 1, 2014;
  • The latest edition provided by the Texas Department of Banking;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form CORP-T10 by clicking the link below or browse more documents and templates provided by the Texas Department of Banking.

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Download Form CORP-T10 "Trust Company Worksheet - Transaction" - Texas

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TRUST COMPANY
WORKSHEET- TRANSACTION
Refer to 7 TAC §21.3
Name of Trust Company: _________________________________________________________
Home Office Location: ___________________________________________________________
(Street Address)
_______________________ ____________________ _________________ ________________
(City)
(County)
(State)
(Zip Code)
Person Completing Worksheet:
___________________________________________ __________________________________
(Name)
(Title)
1.
Are there significant policy, supervisory, or legal issues involved?
Yes
No
2.
Is any other regulatory approval necessary in order to consummate the proposed
transaction, i.e merger, purchase and assumption, change of control, etc.?
Yes
No
3.
The trust company’s capital and surplus accounts (restricted capital) equal
$_____________________.
The trust company’s total fixed asset accounts will equal
$_____________________ if this transaction is approved.
Will the proposed transaction result in a fixed asset investment in excess of the trust
company’s restricted capital?
Yes
No
4.
Will the proposed transaction significantly impact the strategic plan or cause major
changes to be made in the strategic plan?
Yes
No
5.
Will the proposed transaction cause the trust company’s capital to drop below $1,000,000
or the required minimum?
Yes
No
6.
Will the proposed transaction require the approval of the Commissioner under Section
183.109(b) of the Texas Finance Code (Transactions with Management and Affiliates) and 7
TAC §17.3?
Yes
No
If any of these are answered Yes, the transaction does NOT qualify for expedited treatment.
CORP-T10 (6/14)
Texas Department of Banking
1
TRUST COMPANY
WORKSHEET- TRANSACTION
Refer to 7 TAC §21.3
Name of Trust Company: _________________________________________________________
Home Office Location: ___________________________________________________________
(Street Address)
_______________________ ____________________ _________________ ________________
(City)
(County)
(State)
(Zip Code)
Person Completing Worksheet:
___________________________________________ __________________________________
(Name)
(Title)
1.
Are there significant policy, supervisory, or legal issues involved?
Yes
No
2.
Is any other regulatory approval necessary in order to consummate the proposed
transaction, i.e merger, purchase and assumption, change of control, etc.?
Yes
No
3.
The trust company’s capital and surplus accounts (restricted capital) equal
$_____________________.
The trust company’s total fixed asset accounts will equal
$_____________________ if this transaction is approved.
Will the proposed transaction result in a fixed asset investment in excess of the trust
company’s restricted capital?
Yes
No
4.
Will the proposed transaction significantly impact the strategic plan or cause major
changes to be made in the strategic plan?
Yes
No
5.
Will the proposed transaction cause the trust company’s capital to drop below $1,000,000
or the required minimum?
Yes
No
6.
Will the proposed transaction require the approval of the Commissioner under Section
183.109(b) of the Texas Finance Code (Transactions with Management and Affiliates) and 7
TAC §17.3?
Yes
No
If any of these are answered Yes, the transaction does NOT qualify for expedited treatment.
CORP-T10 (6/14)
Texas Department of Banking
1