Tex. Finance Code § 187.102
This is the official text of Tex. Finance Code § 187.102, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 187.102. ESTABLISHING AN INTERSTATE TRUST OFFICE.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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