Tex. Fin. Code § 187.306 · Subchapter D. SUPERVISION OF OUT-OF-STATE TRUST COMPANY
NOTICE OF SUBSEQUENT EVENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Each out-of-state trust company that has established and maintains an office in this state pursuant to this subtitle shall give written notice, at least 30 days before the effective date of the event, or, in the case of an emergency transaction, a shorter period before the effective date consistent with applicable state or federal law, to the banking commissioner of:
(1) a merger or other transaction that would cause a change of control with respect to the trust company, with the result that an application would be required to be filed with the home state regulator or a federal supervisory agency;
(2) a transfer of all or substantially all of the trust accounts or trust assets of the out-of-state trust company to another person; or
(3) the closing or disposition of an office in this state.
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 0ca2053b332f26fff41865b2b0d53bf9a9cbd1d0fc8626c38f2f0dfbb8f4f761
- 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
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.