Tex. Fin. Code Section 187.102
Establishing an Interstate Trust Office

(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.
Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.

Source: Section 187.102 — Establishing an Interstate Trust Office, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­187.­htm#187.­102 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 187.102’s source at texas​.gov