Texas Finance Code

§ 204.106 — APPLICATION TO ACT AS FIDUCIARY

FI § 204.106Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part G. BANK HOLDING COMPANIES; INTERSTATE BANK OPERATIONS · Ch. 204. FOREIGN BANKS · Art. B. DIRECT BRANCH AND AGENCY OFFICES OF FOREIGN BANKS

Statute text

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(a)Except as provided by Section 204.105(c)(10), a foreign bank may not act as a fiduciary at a Texas state branch or agency except by obtaining a fiduciary license as provided by this section. A foreign bank that intends to act as a fiduciary at a Texas state branch or agency shall submit an application to the commissioner. The application must:

(1)be accompanied by all application fees and deposits required by applicable rules;

(2)be in the form specified by the commissioner;

(3)be subscribed and acknowledged by an officer of the foreign bank;

(4)describe in detail:

(A)the proposed fiduciary activities;

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Legislative history

Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.