{"data":{"id":"us-tx/tex.-finance-code-187.002","jurisdiction":"us-tx","citation":"Tex. Finance Code § 187.002","heading":"COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS.","body":"(a) A company may not conduct a trust business in this state unless the company is a trust institution and is:\n(1) a state trust company chartered pursuant to this subtitle;\n(2) a bank, savings association, savings bank, or credit union that maintains its principal office or a branch in this state in accordance with governing law, or another office in this state with the power to conduct a trust business to the extent permitted by rule;\n(3) a trust company chartered under the laws of another state or a foreign country that has a trust office in this state licensed by the banking commissioner pursuant to this chapter; or\n(4) a foreign bank with an office in this state that is authorized to act as a fiduciary pursuant to Section 204.106.\n(b) Notwithstanding Subsection (a), a trust institution that does not maintain a principal office, branch, or trust office in this state may act as a fiduciary in this state to the extent permitted by Subchapter A, Chapter 505, Estates Code.\n(c) A company does not engage in the trust business in this state in a manner requiring a charter or license under this subtitle by engaging in an activity identified in Section 182.021, except that the registration requirements of Section 187.202 may apply to a trust representative office engaging in the activity.\nAdded by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 20.017, eff. September 1, 2015.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 187. MULTISTATE TRUST BUSINESS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.187.htm#187.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0f56f38215799058985ff4afffe8405acf7dd49a12a7a151e27375566ee228de","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-187.001","next":"us-tx/tex.-finance-code-187.003"},"notice":"GroundRules: Original legal text. Not legal advice."}