# Tex. Finance Code § 187.005: DESIGNATION OF TRUSTEE AND GOVERNING LAW

> Texas · Statutes · Repealed

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C187_S187.005

## Section

- **Citation:** Tex. Finance Code § 187.005
- **Heading:** DESIGNATION OF TRUSTEE AND GOVERNING LAW
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** Repealed
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 187 / Section 187.005

## Text

(a) Unless another law restricts the designation of trustee, a person residing in this state may designate a trust institution to act as a fiduciary on behalf of the person.

(b) Unless another law specifies governing law, if a trust or its subject matter bears a reasonable relation to this state and also to another state or a foreign country, a trust institution and its affected client may agree that the law of this state or of the other state or country governs their rights and duties, including the law of a state or a foreign country where the affected client resides or where the trust institution has its principal office.

(c) Repealed by Acts 2007, 80th Leg., R.S., Ch. 451, Sec. 21, eff. September 1, 2007.

## 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_S187.005. Check the current official text before relying on it. Not legal advice.