Tex. Fin. Code § 187.102 · Subchapter B. OUT-OF-STATE TRUST COMPANY TRUST OFFICE
ESTABLISHING AN INTERSTATE TRUST OFFICE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An out-of-state trust company that does not operate a trust office in this state may not establish and maintain a de novo trust office in this state unless:
(1) a state trust company would be permitted to establish a de novo trust office in the home state or foreign country of the out-of-state trust company; and
(2) a bank whose home state is this state would be permitted to establish a de novo branch in the home state or foreign country of the out-of-state trust company.
(b) Subject to Subsection (a), a de novo trust office may be established in this state under this section through the acquisition of a trust office in this state of an existing trust institution.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.187.htm
- Text hash
- sha256 891510e7560aaf106b314764a217d49fdbab08e3e1abe515743c3be1af17b3f6
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites Tex. Fin. Code § 187.102. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.