# Tex. Finance Code § 187.002: COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.002

## Section

- **Citation:** Tex. Finance Code § 187.002
- **Heading:** COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 187 / Section 187.002

## Text

(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.

## Nearby sections

- [Tex. Finance Code § 187.001 § 187.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.001.md)
- [Tex. Finance Code § 187.002 § 187.002. COMPANIES AUTHORIZED TO CONDUCT A TRUST BUSINESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.002.md)
- [Tex. Finance Code § 187.003 § 187.003. INTERSTATE TRUST BUSINESS OF STATE TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.003.md)
- [Tex. Finance Code § 187.004 § 187.004. TRUST BUSINESS OF OUT-OF-STATE TRUST COMPANY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.004.md)
- [Tex. Finance Code § 187.005 § 187.005. DESIGNATION OF TRUSTEE AND GOVERNING LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.005.md)
- [Tex. Finance Code § 187.006 § 187.006. TAXATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.006.md)
- [Tex. Finance Code § 187.007 § 187.007. SEVERABILITY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.007.md)
- [Tex. Finance Code § 187.101 § 187.101. TRUST OFFICES IN THIS STATE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.101.md)
- [Tex. Finance Code § 187.102 § 187.102. ESTABLISHING AN INTERSTATE TRUST OFFICE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.102.md)
- [Tex. Finance Code § 187.103 § 187.103. ACQUIRING AN INTERSTATE TRUST OFFICE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.103.md)
- [Tex. Finance Code § 187.104 § 187.104. REQUIREMENT OF NOTICE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.104.md)
- [Tex. Finance Code § 187.105 § 187.105. CONDITIONS FOR APPROVAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.105.md)
- [Tex. Finance Code § 187.106 § 187.106. ADDITIONAL TRUST OFFICES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.106.md)
- [Tex. Finance Code § 187.201 § 187.201. REPRESENTATIVE TRUST OFFICE BUSINESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.201.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.002. Check the current official text before relying on it. Not legal advice.