Texas Finance Code

§ 187.201 — REPRESENTATIVE TRUST OFFICE BUSINESS

FI § 187.201Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part F. TRUST COMPANIES · Ch. 187. MULTISTATE TRUST BUSINESS · Art. C. OUT-OF-STATE TRUST INSTITUTION REPRESENTATIVE TRUST OFFICE

Statute text

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(a)An out-of-state trust institution may establish a representative trust office as permitted by this subchapter to:

(1)solicit, but not accept, fiduciary appointments;

(2)act as a fiduciary in this state to the extent permitted for a foreign corporate fiduciary by Subchapter A, Chapter 505, Estates Code;

(3)perform ministerial duties with respect to existing clients and accounts of the trust institution;

(4)engage in an activity permitted by Section 182.021; and

(5)to the extent the office is not acting as a fiduciary:

…

Legislative history

Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296), Sec. 20.018, eff. September 1, 2015.