{"data":{"id":"us-tx/tex.-finance-code-187.201","jurisdiction":"us-tx","citation":"Tex. Finance Code § 187.201","heading":"REPRESENTATIVE TRUST OFFICE BUSINESS.","body":"(a) An out-of-state trust institution may establish a representative trust office as permitted by this subchapter to:\n(1) solicit, but not accept, fiduciary appointments;\n(2) act as a fiduciary in this state to the extent permitted for a foreign corporate fiduciary by Subchapter A, Chapter 505, Estates Code;\n(3) perform ministerial duties with respect to existing clients and accounts of the trust institution;\n(4) engage in an activity permitted by Section 182.021; and\n(5) to the extent the office is not acting as a fiduciary:\n(A) receive for safekeeping personal property of every description;\n(B) act as assignee, bailee, conservator, custodian, escrow agent, registrar, receiver, or transfer agent; and\n(C) act as financial advisor, investment advisor or manager, agent, or attorney-in-fact in any agreed capacity.\n(b) Except as provided by Subsection (a), a trust representative office may not act as a fiduciary or otherwise engage in the trust business in this state.\n(c) Subject to the requirements of this subchapter, an out-of-state trust institution may establish and maintain representative trust offices anywhere in this state.\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. 20.018, eff. September 1, 2015.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 187. MULTISTATE TRUST BUSINESS","SUBCHAPTER C. OUT-OF-STATE TRUST INSTITUTION REPRESENTATIVE TRUST OFFICE"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.187.htm#187.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"fb98d1693df324bedc6f5258fe70490f80d1f0a3020483305fa186531acdb322","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-187.106","next":"us-tx/tex.-finance-code-187.202"},"notice":"GroundRules: Original legal text. Not legal advice."}