Tex. Finance Code § 182.020
This is the official text of Tex. Finance Code § 182.020, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 182.020. FOREIGN CORPORATION EXERCISING TRUST POWERS.
Official statutory text
(a) A foreign corporation may not conduct a trust business in this state. A foreign corporation may control a state trust company in this state if the state trust company is formed or acquired and operated as provided by this subtitle and applicable rules.
(b) A foreign corporation or other entity chartered or domiciled in another jurisdiction as a trust company or depository institution with trust powers may act as a trustee in this state only as provided by Subchapter A, Chapter 505, Estates Code.
(b) A foreign corporation or other entity chartered or domiciled in another jurisdiction as a trust company or depository institution with trust powers may act as a trustee in this state only as provided by Subchapter A, Chapter 505, Estates Code.
Status: in_force · Read it on the official government site
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