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Texas Finance Code - FIN § 182.020. Foreign Corporation Exercising Trust Powers

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 182.020. Foreign Corporation Exercising Trust Powers - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-182-020/

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