Tex. Finance Code § 274.003
This is the official text of Tex. Finance Code § 274.003, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 274.003. SUBSIDIARY TRUST COMPANY.
Official statutory text
An entity is a subsidiary trust company of a bank holding company if:
(1) the entity is a:
(A) trust company organized under Subchapter A, Chapter 182; or
(B) bank that is organized to conduct a trust business and any incidental business or to exercise trust powers; and
(2) more than 50 percent of the voting stock of the entity is directly or indirectly owned by the bank holding company.
(1) the entity is a:
(A) trust company organized under Subchapter A, Chapter 182; or
(B) bank that is organized to conduct a trust business and any incidental business or to exercise trust powers; and
(2) more than 50 percent of the voting stock of the entity is directly or indirectly owned by the bank holding company.
Status: in_force · Read it on the official government site
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