Tex. Finance Code § 184.105
This is the official text of Tex. Finance Code § 184.105, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 184.105. ENGAGING IN COMMERCE PROHIBITED.
Official statutory text
(a) Except as otherwise provided by this subtitle or rules adopted under this subtitle, a state trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing goods or by owning or operating a business not part of the state trust business, except as necessary to fulfill a fiduciary obligation to a client.
(b) Under this section, engaging in an approved financial activity or an activity incidental or complementary to a financial activity, whether as principal or agent, is not considered to be engaging in commerce.
(b) Under this section, engaging in an approved financial activity or an activity incidental or complementary to a financial activity, whether as principal or agent, is not considered to be engaging in commerce.
Status: in_force · Read it on the official government site
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