Texas Finance Code

§ 187.105 — CONDITIONS FOR APPROVAL

FI § 187.105Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 187. MULTISTATE TRUST BUSINESS · Art. B. OUT-OF-STATE TRUST COMPANY TRUST OFFICE

Statute text

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(a)A trust office of an out-of-state trust company may be acquired or established in this state under this subchapter if:

(1)the out-of-state trust company confirms in writing to the banking commissioner that while it maintains a trust office in this state, it will comply with all applicable laws of this state;

(2)the out-of-state trust company provides satisfactory evidence to the banking commissioner of compliance with Section 201.102 and the applicable requirements of its home state regulator for acquiring or establishing and maintaining the office;

(3)all filing fees have been paid as required by law; and

(4)the banking commissioner finds that:

(A)applicable conditions of Section 187.102 or 187.103 have been met;

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Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 18, eff. June 14, 2013.