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Tex. Finance Code § 182.020

FOREIGN CORPORATION EXERCISING TRUST POWERS

Texas · Texas Finance Code · Status: effective

Business & Commerce
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Tex. Finance Code § 182.020, FOREIGN CORPORATION EXERCISING TRUST POWERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646580
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(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.