Sec. 187.003. INTERSTATE TRUST BUSINESS OF STATE TRUST COMPANY. Subject to the approval of the banking commissioner pursuant to Section 182.203, a state trust company may engage in the trust business in another state or a foreign country at a trust office or a trust representative office to the extent permitted by and subject to applicable laws of the state or foreign country.
Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 187 - Multistate Trust Business
Subchapter A. General Provisions
Section 187.002. Companies Authorized to Conduct a Trust Business
Section 187.003. Interstate Trust Business of State Trust Company
Section 187.004. Trust Business of Out-of-State Trust Company