Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 182.020: FOREIGN CORPORATION EXERCISING TRUST POWERS.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE F. TRUST COMPANIES
CHAPTER 182. POWERS, ORGANIZATION, AND FINANCIAL REQUIREMENTS
SUBCHAPTER A. ORGANIZATION AND POWERS IN GENERAL

(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.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.

Amended by:

Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 20.016, eff. September 1, 2015.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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