Texas § FI.187.103 - ACQUIRING AN INTERSTATE TRUST OFFICE
Full text of Texas The Texas Constitution § FI.187.103 — ACQUIRING AN INTERSTATE TRUST OFFICE, with citation guidance and answers to common questions.
§ FI.187.103. ACQUIRING AN INTERSTATE TRUST OFFICE
ACQUIRING AN INTERSTATE TRUST OFFICE. (a) An out-of-state trust company that does not operate a trust office in this state and that meets the requirements of this subchapter may acquire an existing trust institution in this state and after the acquisition operate and maintain the acquired institution as a trust office in this state, subject to Subchapter A , Chapter 183 , or Subchapter A , Chapter 33 , if applicable. (b) An out-of-state trust institution that does not operate a trust office in this state may not establish and maintain a trust office in this state through the acquisition of a trust office of an existing trust institution except as provided by Section 187.102 . This section does not affect or prohibit a trust institution or other person from chartering a state trust company pursuant to Section 182.001 . Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. Sept. 1, 2001. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664 ), Sec. 17, eff. June 14, 2013.
Frequently Asked Questions About Texas § FI.187.103
What does The Texas Constitution § FI.187.103 cover?
Section FI.187.103 ("ACQUIRING AN INTERSTATE TRUST OFFICE") 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.187.103?
A common citation format is "The Texas Constitution § FI.187.103" (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.187.103 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.