Texas Finance Code
§ 182.002 — CERTIFICATE OF FORMATION OF STATE TRUST COMPANY
FI § 182.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 182. POWERS, ORGANIZATION, AND FINANCIAL REQUIREMENTS · Art. A. ORGANIZATION AND POWERS IN GENERAL
Statute text
View on source(a)The certificate of formation of a state trust company must be signed and acknowledged by each organizer and must contain:
(1)the name of the state trust company, subject to Subsection (b);
(2)the period of the state trust company's duration, which may be perpetual;
(3)the powers of the state trust company, which may be stated as:
(A)all powers granted to a state trust company in this state; or
(B)a list of the specific powers that the state trust company chooses and is authorized to exercise;
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 735 (H.B. 2754), Sec. 10, eff. September 1, 2007. Acts 2013, 83rd Leg., R.S., Ch. 575 (S.B. 804), Sec. 16, eff. June 14, 2013. Acts 2013, 83rd Leg., R.S., Ch. 575 (S.B. 804), Sec. 17, eff. June 14, 2013.