Tex. Fin. Code § 274.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 274.003 - Subsidiary Trust Company

An entity is a subsidiary trust company of a bank holding company if:

(1) the entity is a:

(A) trust company organized under Subchapter A, Chapter 182; or

(B) bank that is organized to conduct a trust business and any incidental business or to exercise trust powers; and

(2) more than 50 percent of the voting stock of the entity is directly or indirectly owned by the bank holding company.

Tex. Fin. Code § 274.003

Amended By Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 79, eff. 9/1/2007.