Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle F - Trust Companies

Section 181.006. Exemption of Trust Institution Directors and Personnel From Securities Law - Sec. 181.006. EXEMPTION OF TRUST INSTITUTION DIRECTORS AND PERSONNEL FROM...

Section 181.007. Attachment, Injunction, or Execution - Sec. 181.007. ATTACHMENT, INJUNCTION, OR EXECUTION. An attachment, injunction, or...

Subchapter B. Regulation of Trust Companies by Banking Department

Section 181.101. Issuance of Interpretive Statements - Sec. 181.101. ISSUANCE OF INTERPRETIVE STATEMENTS. (a) The banking commissioner:...

Section 181.102. Issuance of Opinion - Sec. 181.102. ISSUANCE OF OPINION. (a) In response to a...

Section 181.103. Effect of Interpretive Statement or Opinion - Sec. 181.103. EFFECT OF INTERPRETIVE STATEMENT OR OPINION. An interpretive...

Section 181.104. Examination Requirement - Sec. 181.104. EXAMINATION REQUIREMENT. (a) The banking commissioner shall examine...

Section 181.105. Cost of Regulation - Sec. 181.105. COST OF REGULATION. Each state trust company shall...

Section 181.106. Regulation and Examination of Related Entities - Sec. 181.106. REGULATION AND EXAMINATION OF RELATED ENTITIES. (a) The...

Section 181.107. Statements of Condition and Income; Penalty - Sec. 181.107. STATEMENTS OF CONDITION AND INCOME; PENALTY. (a) Each...

Section 181.108. Liability of Commission and Department Officers and Personnel Limited - Sec. 181.108. LIABILITY OF COMMISSION AND DEPARTMENT OFFICERS AND PERSONNEL...

Subchapter C. Administrative Procedure

Section 181.201. Banking Commissioner Hearing; Informal Disposition - Sec. 181.201. BANKING COMMISSIONER HEARING; INFORMAL DISPOSITION. (a) The banking...

Section 181.202. Appeal of Banking Commissioner Decision or Order - Sec. 181.202. APPEAL OF BANKING COMMISSIONER DECISION OR ORDER. Except...

Section 181.204. Appeal to District Court - Sec. 181.204. APPEAL TO DISTRICT COURT. A person affected by...

Subchapter D. Confidentiality of Information

Section 181.301. Disclosure by Department Prohibited - Sec. 181.301. DISCLOSURE BY DEPARTMENT PROHIBITED. (a) Except as expressly...

Section 181.3015. Disclosure to State Trust Companies - Sec. 181.3015. DISCLOSURE TO STATE TRUST COMPANIES. The banking commissioner...

Section 181.302. Disclosure to Finance Commission - Sec. 181.302. DISCLOSURE TO FINANCE COMMISSION. Confidential information may not...

Section 181.303. Disclosure to Other Agencies - Sec. 181.303. DISCLOSURE TO OTHER AGENCIES. (a) For purposes of...

Section 181.304. Other Disclosure Prohibited; Penalty - Sec. 181.304. OTHER DISCLOSURE PROHIBITED; PENALTY. (a) Confidential information that...

Section 181.305. Civil Discovery - Sec. 181.305. CIVIL DISCOVERY. Civil discovery of confidential information from...

Section 181.306. Investigative Information - Sec. 181.306. INVESTIGATIVE INFORMATION. Notwithstanding any other law, the banking...

Section 181.307. Employment Information - Sec. 181.307. EMPLOYMENT INFORMATION. (a) A person may provide employment...

Section 181.308. Shareholder Inspection Rights - Sec. 181.308. SHAREHOLDER INSPECTION RIGHTS. (a) Notwithstanding Section 21.218 or...

Chapter 182 - Powers, Organization, and Financial Requirements

Subchapter A. Organization and Powers in General

Section 182.001. Organization and General Powers of State Trust Company - Sec. 182.001. ORGANIZATION AND GENERAL POWERS OF STATE TRUST COMPANY....

Section 182.002. Certificate of Formation of State Trust Company - Sec. 182.002. CERTIFICATE OF FORMATION OF STATE TRUST COMPANY. (a)...

Section 182.003. Application for State Trust Company Charter; Standards for Approval - Sec. 182.003. APPLICATION FOR STATE TRUST COMPANY CHARTER; STANDARDS FOR...

Section 182.004. Notice and Investigation of Charter Application - Sec. 182.004. NOTICE AND INVESTIGATION OF CHARTER APPLICATION. (a) The...

Section 182.005. Protest; Hearing; Decision on Charter Application - Sec. 182.005. PROTEST; HEARING; DECISION ON CHARTER APPLICATION. (a) A...

Section 182.006. Issuance of Charter - Sec. 182.006. ISSUANCE OF CHARTER. A state trust company may...

Section 182.007. Deadline to Begin Business - Sec. 182.007. DEADLINE TO BEGIN BUSINESS. If a state trust...

Section 182.008. Restricted Capital - Sec. 182.008. RESTRICTED CAPITAL. (a) The banking commissioner may not...

Section 182.009. Application of General Corporate Law - Sec. 182.009. APPLICATION OF GENERAL CORPORATE LAW. (a) The Business...

Section 182.010. Parity - Sec. 182.010. PARITY. (a) A state trust company has the...

Section 182.0105. Financial Activities - Sec. 182.0105. FINANCIAL ACTIVITIES. (a) The finance commission by rule...

Section 182.011. Exemption From Statutory Provisions for Certain State Trust Companies - Sec. 182.011. EXEMPTION FROM STATUTORY PROVISIONS FOR CERTAIN STATE TRUST...

Section 182.012. Application for Exemption - Sec. 182.012. APPLICATION FOR EXEMPTION. (a) A state trust company...

Section 182.013. Annual Certification for Exempt State Trust Company - Sec. 182.013. ANNUAL CERTIFICATION FOR EXEMPT STATE TRUST COMPANY. (a)...

Section 182.014. Limitation on Effect of Exemption - Sec. 182.014. LIMITATION ON EFFECT OF EXEMPTION. (a) An exempt...

Section 182.015. Change of Control of Exempt State Trust Company - Sec. 182.015. CHANGE OF CONTROL OF EXEMPT STATE TRUST COMPANY....

Section 182.016. Grounds for Revocation of Exemption - Sec. 182.016. GROUNDS FOR REVOCATION OF EXEMPTION. The banking commissioner...

Section 182.017. Notice and Effect of Revocation of Exemption - Sec. 182.017. NOTICE AND EFFECT OF REVOCATION OF EXEMPTION. (a)...

Section 182.018. Action After Revocation of Exemption - Sec. 182.018. ACTION AFTER REVOCATION OF EXEMPTION. (a) A state...

Section 182.019. Prior Exemption - Sec. 182.019. PRIOR EXEMPTION. (a) Subject to Subsection (b), a...

Section 182.020. Foreign Corporation Exercising Trust Powers - Sec. 182.020. FOREIGN CORPORATION EXERCISING TRUST POWERS. (a) A foreign...

Section 182.021. Activities Not Requiring Charter - Sec. 182.021. ACTIVITIES NOT REQUIRING CHARTER. Subject to Subchapter C,...

Section 182.0211. Conformance With Securities Act - Sec. 182.0211. CONFORMANCE WITH SECURITIES ACT. For the purposes of...

Subchapter B. Amendment of Certificate; Changes in Capital and Surplus

Section 182.101. Amendment or Restatement of State Trust Company Certificate of Formation - Sec. 182.101. AMENDMENT OR RESTATEMENT OF STATE TRUST COMPANY CERTIFICATE...

Section 182.102. Establishing Series of Shares or Participation Shares - Sec. 182.102. ESTABLISHING SERIES OF SHARES OR PARTICIPATION SHARES. (a)...

Section 182.103. Change in Restricted Capital - Sec. 182.103. CHANGE IN RESTRICTED CAPITAL. (a) A state trust...

Section 182.104. Capital Notes or Debentures - Sec. 182.104. CAPITAL NOTES OR DEBENTURES. (a) With the prior...

Section 182.105. Board Designation of Certified Surplus - Sec. 182.105. BOARD DESIGNATION OF CERTIFIED SURPLUS. Periodically the board...

Subchapter C. State Trust Company Offices

Section 182.201. Conduct of Trust Business - Sec. 182.201. CONDUCT OF TRUST BUSINESS. A state trust company...

Section 182.202. Home Office - Sec. 182.202. HOME OFFICE. (a) Each state trust company must...

Section 182.203. Additional Offices - Sec. 182.203. ADDITIONAL OFFICES. (a) A state trust company may...

Subchapter D. Merger

Section 182.301. Merger Authority - Sec. 182.301. MERGER AUTHORITY. (a) Two or more trust institutions,...

Section 182.302. Merger Application; Grounds for Approval - Sec. 182.302. MERGER APPLICATION; GROUNDS FOR APPROVAL. (a) To apply...

Section 182.303. Approval of Banking Commissioner - Sec. 182.303. APPROVAL OF BANKING COMMISSIONER. (a) If the banking...

Section 182.304. Rights of Dissenters to Merger - Sec. 182.304. RIGHTS OF DISSENTERS TO MERGER. A shareholder, participant,...

Subchapter E. Purchase or Sale of Assets

Section 182.401. Authority to Purchase Assets - Sec. 182.401. AUTHORITY TO PURCHASE ASSETS. (a) A state trust...

Section 182.402. Authority to Act as Disbursing Agent - Sec. 182.402. AUTHORITY TO ACT AS DISBURSING AGENT. (a) The...

Section 182.403. Liquidation of Selling Institution - Sec. 182.403. LIQUIDATION OF SELLING INSTITUTION. If the selling institution...

Section 182.404. Payment to Creditors - Sec. 182.404. PAYMENT TO CREDITORS. The purchasing state trust company...

Section 182.405. Sale of Assets - Sec. 182.405. SALE OF ASSETS. (a) A state trust company...

Subchapter F. Exit of State Trust Company or Entry of Another Trust Institution

Section 182.501. Merger or Conversion of State Trust Company Into Another Trust Institution Exercising Fiduciary Powers - Sec. 182.501. MERGER OR CONVERSION OF STATE TRUST COMPANY INTO...

Section 182.502. Conversion of Trust Institution Into State Trust Company - Sec. 182.502. CONVERSION OF TRUST INSTITUTION INTO STATE TRUST COMPANY....

Chapter 183 - Ownership and Management of State Trust Company

Subchapter A. Transfer of Ownership Interest

Section 183.001. Acquisition of Control - Sec. 183.001. ACQUISITION OF CONTROL. (a) Except as expressly permitted...

Section 183.002. Application Regarding Acquisition of Control - Sec. 183.002. APPLICATION REGARDING ACQUISITION OF CONTROL. (a) The transferee...

Section 183.003. Hearing and Decision on Acquisition of Control - Sec. 183.003. HEARING AND DECISION ON ACQUISITION OF CONTROL. (a)...

Section 183.004. Appeal From Adverse Decision - Sec. 183.004. APPEAL FROM ADVERSE DECISION. (a) If a hearing...

Section 183.005. Objection to Other Transfer - Sec. 183.005. OBJECTION TO OTHER TRANSFER. This subchapter does not...

Section 183.006. Civil Enforcement; Criminal Penalty - Sec. 183.006. CIVIL ENFORCEMENT; CRIMINAL PENALTY. (a) If the banking...

Subchapter B. Board and Officers

Section 183.101. Voting Securities Held by Trust Company - Sec. 183.101. VOTING SECURITIES HELD BY TRUST COMPANY. (a) Voting...

Section 183.102. Bylaws - Sec. 183.102. BYLAWS. Except as provided by Section 183.207, each...

Section 183.103. Board of Directors, Managers, or Managing Participants - Sec. 183.103. BOARD OF DIRECTORS, MANAGERS, OR MANAGING PARTICIPANTS. (a)...

Section 183.104. Advisory Director or Advisory Manager - Sec. 183.104. ADVISORY DIRECTOR OR ADVISORY MANAGER. (a) An advisory...

Section 183.105. Required Quarterly Board Meeting - Sec. 183.105. REQUIRED QUARTERLY BOARD MEETING. (a) The board of...

Section 183.106. Officers - Sec. 183.106. OFFICERS. (a) The board shall annually appoint the...

Section 183.107. Limitation on Action of Officer or Employee in Relation to Asset or Liability - Sec. 183.107. LIMITATION ON ACTION OF OFFICER OR EMPLOYEE IN...

Section 183.108. Certain Criminal Offenses - Sec. 183.108. CERTAIN CRIMINAL OFFENSES. (a) An officer, director, manager,...

Section 183.109. Transactions With Management and Affiliates - Sec. 183.109. TRANSACTIONS WITH MANAGEMENT AND AFFILIATES. (a) Without the...

Section 183.110. Fiduciary Responsibility - Sec. 183.110. FIDUCIARY RESPONSIBILITY. The board of a state trust...

Section 183.111. Recordkeeping - Sec. 183.111. RECORDKEEPING. A state trust company shall keep its...

Section 183.112. Bonding Requirements - Sec. 183.112. BONDING REQUIREMENTS. (a) The board of a state...

Section 183.113. Reports of Apparent Crime - Sec. 183.113. REPORTS OF APPARENT CRIME. (a) A state trust...

Subchapter C. Limited Trust Association

Section 183.201. Liability of Participants and Managers - Sec. 183.201. LIABILITY OF PARTICIPANTS AND MANAGERS. (a) Except as...

Section 183.202. Filing of Notice of Full Liability - Sec. 183.202. FILING OF NOTICE OF FULL LIABILITY. (a) A...

Section 183.203. Contracting for Debt or Obligation - Sec. 183.203. CONTRACTING FOR DEBT OR OBLIGATION. Except as provided...

Section 183.204. Management of Limited Trust Association - Sec. 183.204. MANAGEMENT OF LIMITED TRUST ASSOCIATION. (a) Management of...

Section 183.205. Withdrawal or Reduction of Participant's Contribution to Capital - Sec. 183.205. WITHDRAWAL OR REDUCTION OF PARTICIPANT'S CONTRIBUTION TO CAPITAL....

Section 183.206. Interest in Limited Trust Association; Transferability of Interest - Sec. 183.206. INTEREST IN LIMITED TRUST ASSOCIATION; TRANSFERABILITY OF INTEREST....

Section 183.207. Bylaws of Limited Trust Association - Sec. 183.207. BYLAWS OF LIMITED TRUST ASSOCIATION. (a) A limited...

Section 183.208. Dissolution - Sec. 183.208. DISSOLUTION. (a) A limited trust association organized under...

Section 183.209. Allocation of Profits and Losses - Sec. 183.209. ALLOCATION OF PROFITS AND LOSSES. The profits and...

Section 183.210. Distributions - Sec. 183.210. DISTRIBUTIONS. Subject to Section 182.103, distributions of cash...

Section 183.211. Application of Other Provisions to Limited Trust Associations - Sec. 183.211. APPLICATION OF OTHER PROVISIONS TO LIMITED TRUST ASSOCIATIONS....

Chapter 184 - Investments, Loans, and Deposits

Subchapter A. Acquisition and Ownership of Trust Company Facilities and Other Real Property

Section 184.001. Definition - Sec. 184.001. DEFINITION. In this subchapter, "state trust company facility"...

Section 184.002. Investment in State Trust Company Facilities - Sec. 184.002. INVESTMENT IN STATE TRUST COMPANY FACILITIES. (a) Without...

Section 184.003. Other Real Property - Sec. 184.003. OTHER REAL PROPERTY. (a) A state trust company...

Subchapter B. Investments

Section 184.101. Securities - Sec. 184.101. SECURITIES. (a) A state trust company may invest...

Section 184.102. Transactions in State Trust Company Shares or Participation Shares - Sec. 184.102. TRANSACTIONS IN STATE TRUST COMPANY SHARES OR PARTICIPATION...

Section 184.103. State Trust Company Subsidiaries - Sec. 184.103. STATE TRUST COMPANY SUBSIDIARIES. (a) Except as otherwise...

Section 184.104. Other Investment Provisions - Sec. 184.104. OTHER INVESTMENT PROVISIONS. (a) Without the prior written...

Section 184.105. Engaging in Commerce Prohibited - Sec. 184.105. ENGAGING IN COMMERCE PROHIBITED. (a) Except as otherwise...

Subchapter C. Loans

Section 184.201. Lending Limits - Sec. 184.201. LENDING LIMITS. (a) A state trust company's total...

Section 184.202. Violation of Lending Limit - Sec. 184.202. VIOLATION OF LENDING LIMIT. (a) An officer, director,...

Section 184.203. Lease Financing Transaction - Sec. 184.203. LEASE FINANCING TRANSACTION. (a) Subject to rules adopted...

Section 184.204. General Banking Privileges Not Conferred - Sec. 184.204. GENERAL BANKING PRIVILEGES NOT CONFERRED. This subchapter does...

Subchapter D. Trust Deposits

Section 184.301. Trust Deposits - Sec. 184.301. TRUST DEPOSITS. (a) A state trust company may...

Section 184.302. General Banking Privileges Not Conferred - Sec. 184.302. GENERAL BANKING PRIVILEGES NOT CONFERRED. This subchapter does...

Subchapter E. Liabilities and Pledge of Assets

Section 184.401. Borrowing Limit - Sec. 184.401. BORROWING LIMIT. Except with the prior written approval...

Section 184.402. Pledge of Assets - Sec. 184.402. PLEDGE OF ASSETS. (a) A state trust company...

Chapter 185 - Enforcement Actions

Subchapter A. Enforcement Orders

Section 185.0001. Applicability to State Trust Company Subsidiaries - Sec. 185.0001. APPLICABILITY TO STATE TRUST COMPANY SUBSIDIARIES. This subchapter...

Section 185.001. Determination Letter - Sec. 185.001. DETERMINATION LETTER. (a) If the banking commissioner determines...

Section 185.002. Cease and Desist Order - Sec. 185.002. CEASE AND DESIST ORDER. (a) The banking commissioner...

Section 185.003. Removal or Prohibition Order - Sec. 185.003. REMOVAL OR PROHIBITION ORDER. (a) The banking commissioner...

Section 185.0035. Removal or Prohibition Orders in Response to Certain Criminal Offenses - Sec. 185.0035. REMOVAL OR PROHIBITION ORDERS IN RESPONSE TO CERTAIN...

Section 185.004. Hearing on Proposed Order - Sec. 185.004. HEARING ON PROPOSED ORDER. (a) A requested hearing...

Section 185.005. Emergency Order - Sec. 185.005. EMERGENCY ORDER. (a) If the banking commissioner believes...

Section 185.006. Copy of Letter or Order in State Trust Company Records - Sec. 185.006. COPY OF LETTER OR ORDER IN STATE TRUST...

Section 185.007. Effect of Final Removal or Prohibition Order - Sec. 185.007. EFFECT OF FINAL REMOVAL OR PROHIBITION ORDER. (a)...

Section 185.0071. Application for Release From Final Removal or Prohibition Order - Sec. 185.0071. APPLICATION FOR RELEASE FROM FINAL REMOVAL OR PROHIBITION...

Section 185.008. Limitation on Action - Sec. 185.008. LIMITATION ON ACTION. The banking commissioner may not...

Section 185.009. Enforcement by Commissioner - Sec. 185.009. ENFORCEMENT BY COMMISSIONER. (a) If the banking commissioner...

Section 185.010. Administrative Penalty - Sec. 185.010. ADMINISTRATIVE PENALTY. (a) The banking commissioner may initiate...

Section 185.011. Payment or Appeal of Administrative Penalty - Sec. 185.011. PAYMENT OR APPEAL OF ADMINISTRATIVE PENALTY. (a) When...

Section 185.012. Confidentiality of Records - Sec. 185.012. CONFIDENTIALITY OF RECORDS. A copy of a notice,...

Section 185.013. Collection of Fees - Sec. 185.013. COLLECTION OF FEES. The banking commissioner may sue...

Subchapter B. Supervision and Conservatorship

Section 185.1001. Applicability to State Trust Company Subsidiaries - Sec. 185.1001. APPLICABILITY TO STATE TRUST COMPANY SUBSIDIARIES. This subchapter...

Section 185.101. Order of Supervision - Sec. 185.101. ORDER OF SUPERVISION. (a) The banking commissioner by...

Section 185.102. Order of Conservatorship - Sec. 185.102. ORDER OF CONSERVATORSHIP. (a) The banking commissioner by...

Section 185.103. Hearing - Sec. 185.103. HEARING. (a) An order issued under Section 185.101...

Section 185.104. Post-Hearing Order - Sec. 185.104. POST-HEARING ORDER. (a) If after the hearing the...

Section 185.105. Confidentiality of Records - Sec. 185.105. CONFIDENTIALITY OF RECORDS. An order issued under this...

Section 185.106. Duties of State Trust Company Under Supervision - Sec. 185.106. DUTIES OF STATE TRUST COMPANY UNDER SUPERVISION. During...

Section 185.107. Powers and Duties of Conservator - Sec. 185.107. POWERS AND DUTIES OF CONSERVATOR. (a) A conservator...

Section 185.108. Qualifications of Appointee - Sec. 185.108. QUALIFICATIONS OF APPOINTEE. The banking commissioner may appoint...

Section 185.109. Expenses - Sec. 185.109. EXPENSES. (a) The banking commissioner shall determine and...

Section 185.110. Review of Supervisor or Conservator Decisions - Sec. 185.110. REVIEW OF SUPERVISOR OR CONSERVATOR DECISIONS. (a) Notwithstanding...

Section 185.111. Suit Filed Against or on Behalf of State Trust Company Under Supervision or Conservatorship - Sec. 185.111. SUIT FILED AGAINST OR ON BEHALF OF STATE...

Section 185.112. Duration - Sec. 185.112. DURATION. A supervisor or conservator serves for the...

Section 185.113. Administrative Election of Remedies - Sec. 185.113. ADMINISTRATIVE ELECTION OF REMEDIES. The banking commissioner may...

Section 185.114. Release Before Hearing - Sec. 185.114. RELEASE BEFORE HEARING. This subchapter does not prevent...

Subchapter C. Unauthorized Trust Activity: Investigation and Enforcement

Section 185.201. Investigation of Unauthorized Trust Activity - Sec. 185.201. INVESTIGATION OF UNAUTHORIZED TRUST ACTIVITY. (a) If the...

Section 185.202. Subpoena Authority - Sec. 185.202. SUBPOENA AUTHORITY. (a) This section applies only to...

Section 185.203. Enforcement of Subpoena - Sec. 185.203. ENFORCEMENT OF SUBPOENA. (a) If necessary, the banking...

Section 185.204. Confidentiality of Subpoenaed Records - Sec. 185.204. CONFIDENTIALITY OF SUBPOENAED RECORDS. (a) A book, account,...

Section 185.205. Evidence - Sec. 185.205. EVIDENCE. (a) On certification by the banking commissioner,...

Section 185.206. Cease and Desist Order Regarding Unauthorized Trust Activity - Sec. 185.206. CEASE AND DESIST ORDER REGARDING UNAUTHORIZED TRUST ACTIVITY....

Section 185.207. Emergency Cease and Desist Order - Sec. 185.207. EMERGENCY CEASE AND DESIST ORDER. (a) The banking...

Section 185.208. Appeal of Cease and Desist Order - Sec. 185.208. APPEAL OF CEASE AND DESIST ORDER. (a) A...

Section 185.209. Violation of Final Cease and Desist Order - Sec. 185.209. VIOLATION OF FINAL CEASE AND DESIST ORDER. (a)...

Section 185.210. Administrative Penalty - Sec. 185.210. ADMINISTRATIVE PENALTY. (a) The banking commissioner may initiate...

Section 185.211. Payment and Appeal of Administrative Penalty - Sec. 185.211. PAYMENT AND APPEAL OF ADMINISTRATIVE PENALTY. (a) When...

Section 185.212. Judicial Review of Administrative Penalty - Sec. 185.212. JUDICIAL REVIEW OF ADMINISTRATIVE PENALTY. (a) If on...

Chapter 186 - Dissolution and Receivership

Subchapter A. General Provisions

Section 186.001. Definition - Sec. 186.001. DEFINITION. In this chapter, "administrative expense" means: (1)...

Section 186.002. Remedies Exclusive - Sec. 186.002. REMEDIES EXCLUSIVE. (a) Unless the banking commissioner so...

Section 186.003. Federal Deposit Insurance Corporation as Liquidator - Sec. 186.003. FEDERAL DEPOSIT INSURANCE CORPORATION AS LIQUIDATOR. (a) The...

Section 186.004. Appointment of Independent Receiver - Sec. 186.004. APPOINTMENT OF INDEPENDENT RECEIVER. (a) On request of...

Section 186.005. Succession of Trust Powers - Sec. 186.005. SUCCESSION OF TRUST POWERS. (a) If a state...

Subchapter B. Voluntary Dissolution

Section 186.101. Initiating Voluntary Dissolution - Sec. 186.101. INITIATING VOLUNTARY DISSOLUTION. (a) A state trust company...

Section 186.102. Filing Resolutions With Banking Commissioner - Sec. 186.102. FILING RESOLUTIONS WITH BANKING COMMISSIONER. After resolutions to...

Section 186.103. Banking Commissioner Investigation and Consent - Sec. 186.103. BANKING COMMISSIONER INVESTIGATION AND CONSENT. The banking commissioner...

Section 186.104. Notice of Pending Dissolution - Sec. 186.104. NOTICE OF PENDING DISSOLUTION. (a) A state trust...

Section 186.105. Safe Deposits and Other Bailments - Sec. 186.105. SAFE DEPOSITS AND OTHER BAILMENTS. (a) A contract...

Section 186.106. Offices to Remain Open - Sec. 186.106. OFFICES TO REMAIN OPEN. Unless the banking commissioner...

Section 186.107. Fiduciary Activities - Sec. 186.107. FIDUCIARY ACTIVITIES. (a) As soon as practicable after...

Section 186.108. Final Liquidation - Sec. 186.108. FINAL LIQUIDATION. (a) After the state trust company...

Section 186.109. Application of Law to State Trust Company in Dissolution - Sec. 186.109. APPLICATION OF LAW TO STATE TRUST COMPANY IN...

Section 186.110. Authorization of Deviation From Procedures - Sec. 186.110. AUTHORIZATION OF DEVIATION FROM PROCEDURES. The banking commissioner...

Section 186.111. Closure by Banking Commissioner for Involuntary Dissolution and Liquidation - Sec. 186.111. CLOSURE BY BANKING COMMISSIONER FOR INVOLUNTARY DISSOLUTION AND...

Section 186.112. Application for New Charter - Sec. 186.112. APPLICATION FOR NEW CHARTER. After a state trust...

Subchapter C. Involuntary Dissolution and Liquidation

Section 186.201. Action to Close State Trust Company - Sec. 186.201. ACTION TO CLOSE STATE TRUST COMPANY. (a) The...

Section 186.202. Notice and Effect of Closure; Appointment of Receiver - Sec. 186.202. NOTICE AND EFFECT OF CLOSURE; APPOINTMENT OF RECEIVER....

Section 186.203. Nature and Duration of Receivership - Sec. 186.203. NATURE AND DURATION OF RECEIVERSHIP. (a) The court...

Section 186.204. Contest of Liquidation - Sec. 186.204. CONTEST OF LIQUIDATION. (a) A state trust company,...

Section 186.205. Notice of State Trust Company Closing - Sec. 186.205. NOTICE OF STATE TRUST COMPANY CLOSING. (a) As...

Section 186.206. Inventory - Sec. 186.206. INVENTORY. As soon as reasonably practicable given the...

Section 186.207. Receiver's Title and Priority - Sec. 186.207. RECEIVER'S TITLE AND PRIORITY. (a) The receiver has...

Section 186.208. Rights Fixed - Sec. 186.208. RIGHTS FIXED. The rights and liabilities of the...

Section 186.209. Depositories - Sec. 186.209. DEPOSITORIES. (a) The receiver may deposit money collected...

Section 186.210. Pending Lawsuit - Sec. 186.210. PENDING LAWSUIT. (a) A judgment or order of...

Section 186.211. New Lawsuit - Sec. 186.211. NEW LAWSUIT. (a) Except as otherwise provided by...

Section 186.212. Obtaining Record or Other Property in Possession of Other Person - Sec. 186.212. OBTAINING RECORD OR OTHER PROPERTY IN POSSESSION OF...

Section 186.213. Injunction in Aid of Liquidation - Sec. 186.213. INJUNCTION IN AID OF LIQUIDATION. (a) On application...

Section 186.214. Subpoena - Sec. 186.214. SUBPOENA. (a) The receiver may request the court...

Section 186.215. Executory Contract; Oral Agreement - Sec. 186.215. EXECUTORY CONTRACT; ORAL AGREEMENT. (a) Not later than...

Section 186.216. Preferences - Sec. 186.216. PREFERENCES. (a) A transfer of or lien on...

Section 186.217. Employees of Receiver - Sec. 186.217. EMPLOYEES OF RECEIVER. The receiver may employ agents,...

Section 186.218. Disposal of Property; Settling of Claim - Sec. 186.218. DISPOSAL OF PROPERTY; SETTLING OF CLAIM. (a) In...

Section 186.219. Court Order; Notice and Hearing - Sec. 186.219. COURT ORDER; NOTICE AND HEARING. If the court...

Section 186.220. Receiver's Reports; Expenses - Sec. 186.220. RECEIVER'S REPORTS; EXPENSES. (a) The receiver shall file...

Section 186.221. Court-Ordered Audit - Sec. 186.221. COURT-ORDERED AUDIT. (a) The court may order an...

Section 186.222. Safe Deposits and Other Bailments - Sec. 186.222. SAFE DEPOSITS AND OTHER BAILMENTS. (a) A contract...

Section 186.223. Fiduciary Activities - Sec. 186.223. FIDUCIARY ACTIVITIES. (a) As soon after beginning the...

Section 186.224. Disposition and Maintenance of Records - Sec. 186.224. DISPOSITION AND MAINTENANCE OF RECORDS. (a) On approval...

Section 186.225. Records Admitted - Sec. 186.225. RECORDS ADMITTED. (a) A record of a state...

Section 186.226. Resumption of Business - Sec. 186.226. RESUMPTION OF BUSINESS. (a) A state trust company...

Section 186.227. Assets Discovered After Close of Receivership - Sec. 186.227. ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP. (a) The...

Subchapter D. Claims Against Receivership Estate

Section 186.301. Filing Claim - Sec. 186.301. FILING CLAIM. (a) This section applies only to...

Section 186.302. Proof of Claim - Sec. 186.302. PROOF OF CLAIM. (a) A proof of claim...

Section 186.303. Judgment as Proof of Claim - Sec. 186.303. JUDGMENT AS PROOF OF CLAIM. (a) A judgment...

Section 186.304. Secured Claim - Sec. 186.304. SECURED CLAIM. (a) The owner of a secured...

Section 186.305. Unliquidated or Undetermined Claim - Sec. 186.305. UNLIQUIDATED OR UNDETERMINED CLAIM. (a) A claim based...

Section 186.306. Set-Off - Sec. 186.306. SET-OFF. (a) Mutual credits and mutual debts shall...

Section 186.307. Action on Claim - Sec. 186.307. ACTION ON CLAIM. (a) Not later than six...

Section 186.308. Objection to Approved Claim - Sec. 186.308. OBJECTION TO APPROVED CLAIM. The receiver with court...

Section 186.309. Appeal of Rejected Claim - Sec. 186.309. APPEAL OF REJECTED CLAIM. (a) The receiver's rejection...

Section 186.310. Payment of Claim - Sec. 186.310. PAYMENT OF CLAIM. (a) Except as expressly provided...

Section 186.311. Priority of Claims Against Insured State Trust Company - Sec. 186.311. PRIORITY OF CLAIMS AGAINST INSURED STATE TRUST COMPANY....

Section 186.312. Priority of Claims Against Uninsured State Trust Company - Sec. 186.312. PRIORITY OF CLAIMS AGAINST UNINSURED STATE TRUST COMPANY....

Section 186.313. Excess Assets - Sec. 186.313. EXCESS ASSETS. (a) If state trust company assets...

Section 186.314. Unclaimed Property - Sec. 186.314. UNCLAIMED PROPERTY. After completion of the liquidation, any...

Chapter 187 - Multistate Trust Business

Subchapter A. General Provisions

Section 187.001. Definitions - Sec. 187.001. DEFINITIONS. (a) In this chapter: (1) "Acquire" means...

Section 187.002. Companies Authorized to Conduct a Trust Business - Sec. 187.002. COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS. (a)...

Section 187.003. Interstate Trust Business of State Trust Company - Sec. 187.003. INTERSTATE TRUST BUSINESS OF STATE TRUST COMPANY. Subject...

Section 187.004. Trust Business of Out-of-State Trust Company - Sec. 187.004. TRUST BUSINESS OF OUT-OF-STATE TRUST COMPANY. (a) An...

Section 187.005. Designation of Trustee and Governing Law - Sec. 187.005. DESIGNATION OF TRUSTEE AND GOVERNING LAW. (a) Unless...

Section 187.006. Taxation - Sec. 187.006. TAXATION. An out-of-state trust institution doing business in...

Section 187.007. Severability - Sec. 187.007. SEVERABILITY. The provisions of this chapter or applications...

Subchapter B. Out-of-State Trust Company Trust Office

Section 187.101. Trust Offices in This State - Sec. 187.101. TRUST OFFICES IN THIS STATE. An out-of-state trust...

Section 187.102. Establishing an Interstate Trust Office - Sec. 187.102. ESTABLISHING AN INTERSTATE TRUST OFFICE. (a) An out-of-state...

Section 187.103. Acquiring an Interstate Trust Office - Sec. 187.103. ACQUIRING AN INTERSTATE TRUST OFFICE. (a) An out-of-state...

Section 187.104. Requirement of Notice - Sec. 187.104. REQUIREMENT OF NOTICE. An out-of-state trust company desiring...

Section 187.105. Conditions for Approval - Sec. 187.105. CONDITIONS FOR APPROVAL. (a) A trust office of...

Section 187.106. Additional Trust Offices - Sec. 187.106. ADDITIONAL TRUST OFFICES. An out-of-state trust company that...

Subchapter C. Out-of-State Trust Institution Representative Trust Office

Section 187.201. Representative Trust Office Business - Sec. 187.201. REPRESENTATIVE TRUST OFFICE BUSINESS. (a) An out-of-state trust...

Section 187.202. Registration of Representative Trust Office - Sec. 187.202. REGISTRATION OF REPRESENTATIVE TRUST OFFICE. (a) Except as...

Subchapter D. Supervision of Out-of-State Trust Company

Section 187.301. Cooperative Agreements; Fees - Sec. 187.301. COOPERATIVE AGREEMENTS; FEES. (a) To carry out the...

Section 187.302. Examinations; Periodic Reports - Sec. 187.302. EXAMINATIONS; PERIODIC REPORTS. (a) To the extent consistent...

Section 187.303. Interpretive Statements and Opinions - Sec. 187.303. INTERPRETIVE STATEMENTS AND OPINIONS. (a) Subject to Subsection...

Section 187.304. Confidential Information - Sec. 187.304. CONFIDENTIAL INFORMATION. Information obtained directly or indirectly by...

Section 187.305. Enforcement; Appeals - Sec. 187.305. ENFORCEMENT; APPEALS. (a) If the banking commissioner determines...

Section 187.306. Notice of Subsequent Event - Sec. 187.306. NOTICE OF SUBSEQUENT EVENT. Each out-of-state trust company...

Chapter 199 - Miscellaneous Provisions

Section 199.001. Slander or Libel of State Trust Company - Sec. 199.001. SLANDER OR LIBEL OF STATE TRUST COMPANY. (a)...

Section 199.002. Authority to Act as Notary Public - Sec. 199.002. AUTHORITY TO ACT AS NOTARY PUBLIC. A notary...

Section 199.003. Succession of Trust Powers - Sec. 199.003. SUCCESSION OF TRUST POWERS. (a) If, at the...

Section 199.004. Discovery of Client Records - Sec. 199.004. DISCOVERY OF CLIENT RECORDS. Civil discovery of a...

Section 199.005. Compliance Review Committee - Sec. 199.005. COMPLIANCE REVIEW COMMITTEE. A trust company may establish...

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Texas Statutes Title 3 - Financial Institutions and Businesses Subtitle F - Trust Companies

Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle F - Trust Companies