Section 150.130 - How may I conduct multi-state operations?(a)Conducting fiduciary activities in more than one state. You may conduct fiduciary activities in any state, subject to the application and notice requirements in § 5.26 of this chapter.(b)Serving customers in more than one state. When you conduct fiduciary activities in a state:(1) You may market your fiduciary services to, and act as a fiduciary for, customers located in any state, may act as a fiduciary for relationships that include property located in other states, and may act as a testamentary trustee for a testator located in other states.(2) You may establish or utilize an office in any state to perform activities that are ancillary to your fiduciary business.76 FR 49003, Aug. 9, 2011, as amended at 80 FR 28480, May 18, 2015