Tex. Fin. Code § 184.105

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 184.105 - Engaging in Commerce Prohibited
(a) Except as otherwise provided by this subtitle or rules adopted under this subtitle, a state trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing goods or by owning or operating a business not part of the state trust business, except as necessary to fulfill a fiduciary obligation to a client.
(b) Under this section, engaging in an approved financial activity or an activity incidental or complementary to a financial activity, whether as principal or agent, is not considered to be engaging in commerce.

Tex. Fin. Code § 184.105

Amended by Acts 2001, 77th Leg., ch. 528, Sec. 26, eff. 9/1/2001.