Tex. Fin. Code § 187.103 · Subchapter B. OUT-OF-STATE TRUST COMPANY TRUST OFFICE
ACQUIRING 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 and that meets the requirements of this subchapter may acquire an existing trust institution in this state and after the acquisition operate and maintain the acquired institution as a trust office in this state, subject to Subchapter A, Chapter 183, or Subchapter A, Chapter 33, if applicable.
(b) An out-of-state trust institution that does not operate a trust office in this state may not establish and maintain a trust office in this state through the acquisition of a trust office of an existing trust institution except as provided by Section 187.102. This section does not affect or prohibit a trust institution or other person from chartering a state trust company pursuant to Section 182.001.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 17, eff. June 14, 2013.
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 17e5e138fde1ba94e3cd33db17fe787dd2100e77962ddbae0acbe015d42791ba
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Finance Code
- Tex. Fin. Code ch. 33, subch. ATRANSFER OF OWNERSHIP INTERESTPrinted as Subchapter A, Chapter 33
- Tex. Fin. Code § 182.001ORGANIZATION AND GENERAL POWERS OF STATE TRUST COMPANY.Printed as Section 182.001
- Tex. Fin. Code ch. 183, subch. ATRANSFER OF OWNERSHIP INTERESTPrinted as Subchapter A, Chapter 183
- Tex. Fin. Code § 187.102ESTABLISHING AN INTERSTATE TRUST OFFICE.Printed as Section 187.102
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 187.103. Each shows the citation as that text prints it.
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