Texas § FI.187.002 - COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS
Full text of Texas The Texas Constitution § FI.187.002 — COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS, with citation guidance and answers to common questions.
§ FI.187.002. COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS
COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS. (a) A company may not conduct a trust business in this state unless the company is a trust institution and is: (1) a state trust company chartered pursuant to this subtitle; (2) a bank, savings association, savings bank, or credit union that maintains its principal office or a branch in this state in accordance with governing law, or another office in this state with the power to conduct a trust business to the extent permitted by rule; (3) a trust company chartered under the laws of another state or a foreign country that has a trust office in this state licensed by the banking commissioner pursuant to this chapter; or (4) a foreign bank with an office in this state that is authorized to act as a fiduciary pursuant to Section 204.106 . (b) Notwithstanding Subsection (a), a trust institution that does not maintain a principal office, branch, or trust office in this state may act as a fiduciary in this state to the extent permitted by Subchapter A , Chapter 505 , Estates Code. (c) A company does not engage in the trust business in this state in a manner requiring a charter or license under this subtitle by engaging in an activity identified in Section 182.021 , except that the registration requirements of Section 187.202 may apply to a trust representative office engaging in the activity. Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001. Amended by: Acts 2015, 84th Leg., R.S., Ch. 1236 (S.B. 1296 ), Sec. 20.017, eff. September 1, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.187.002
What does The Texas Constitution § FI.187.002 cover?
Section FI.187.002 ("COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § FI.187.002?
A common citation format is "The Texas Constitution § FI.187.002" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.187.002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.