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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) An out-of-state trust company that does not operate a trust office in this state may not establish and maintain a de novo trust office in this state unless:
(1) a state trust company would be permitted to establish a de novo trust office in the home state or foreign country of the out-of-state trust company; and
(2) a bank whose home state is this state would be permitted to establish a de novo branch in the home state or foreign country of the out-of-state trust company.
(b) Subject to Subsection (a), a de novo trust office may be established in this state under this section through the acquisition of a trust office in this state of an existing trust institution.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 187.102. Establishing an Interstate Trust Office - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-187-102/
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