Texas Finance Code
§ 181.002 — DEFINITIONS
FI § 181.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 181. GENERAL PROVISIONS · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)In this subtitle:
(1)"Account" means the client relationship established with a trust institution involving the transfer of funds or property to the trust institution, including a relationship in which the trust institution acts as trustee, executor, administrator, guardian, custodian, conservator, receiver, registrar, or agent.
(2)"Affiliate" means a company that directly or indirectly controls, is controlled by, or is under common control with a state trust company or other company.
(3)Repealed by Acts 2001, 77th Leg., ch. 1420, Sec. 6.027, eff. Sept. 1, 2001.
(4)"Banking commissioner" means the banking commissioner of Texas or a person designated by the banking commissioner and acting under the banking commissioner's direction and authority.
(5)"Board" means the board of directors, managers, or managing participants of, or a person or group of persons acting in a comparable capacity for, a state trust company or other entity.
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 65, eff. September 1, 2007. Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 11, eff. June 14, 2013. Acts 2015, 84th Leg., R.S., Ch. 250 (S.B. 875), Sec. 1, eff. September 1, 2015. Acts 2017, 85th Leg., R.S., Ch. 599 (S.B. 1401), Sec. 9, eff. September 1, 2017. Acts 2019, 86th Leg., R.S., Ch. 652 (S.B. 1823), Sec. 7, eff. September 1, 2019.