Section 182.103 - Change in Restricted Capital(a) A state trust company may not reduce or increase its restricted capital through dividend, redemption, issuance of shares or participation shares, or otherwise without the prior approval of the banking commissioner, except as permitted by this section or rules adopted under this chapter.(b) Unless otherwise restricted by rules, prior approval is not required for an increase in restricted capital accomplished through:(1) issuance of shares of common stock or their equivalent in participation shares for cash, or a cash contribution to surplus by shareholders or participants that does not result in issuance of additional common stock or other securities;(2) declaration and payment of pro rata share dividends as defined by the Business Organizations Code; or(3) adoption by the board of a resolution directing that all or part of undivided profits be transferred to restricted capital.(c) Prior approval is not required for:(1) a decrease in restricted capital caused by losses in excess of undivided profits; or(2) a change in restricted capital resulting from accounting adjustments required by a transaction approved by the banking commissioner if the accounting adjustments are reasonably disclosed in the submitted application.Amended By Acts 2007, 80th Leg., R.S., Ch. 735, Sec. 13, eff. 9/1/2007.Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. 9/1/1999.