reglab/housing_qa huggingface dataset:
TX Fin Code § 199.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 199 - Miscellaneous Provisions|Section 199.001. Slander or Libel of State Trust Company

Sec. 199.001.  SLANDER OR LIBEL OF STATE TRUST COMPANY.  (a)  A person commits an offense if the person:(1)  knowingly makes, circulates, or transmits to another person an untrue statement that is derogatory to the financial condition of a state trust company located in this state;  or(2)  intentionally, to injure the state trust company, counsels, aids, procures, or induces another person to knowingly make, circulate, or transmit to another person an untrue statement that is derogatory to the financial condition of a state trust company located in this state.(b)  An offense under this section is a state jail felony.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.|
TX Fin Code § 199.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 199 - Miscellaneous Provisions|Section 199.002. Authority to Act as Notary Public

Sec. 199.002.  AUTHORITY TO ACT AS NOTARY PUBLIC.  A notary public is not disqualified from taking an acknowledgment or proof of a written instrument as provided by Section 406.016, Government Code, solely because of the person's ownership of stock or participation interest in or employment by a trust institution that is an interested party in the underlying transaction, including a state trust company or a trust institution organized under the laws of another state that lawfully maintains an office in this state.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 6.023(a), eff. Sept. 1, 2001.|
TX Fin Code § 199.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 199 - Miscellaneous Provisions|Section 199.003. Succession of Trust Powers

Sec. 199.003.  SUCCESSION OF TRUST POWERS.  (a)  If, at the time of a merger, reorganization, conversion, sale of substantially all of its assets under Chapter 182 or 187 or other applicable law, or sale of substantially all of its trust accounts and related activities at a separate branch or trust office, a reorganizing or selling state trust company is acting as trustee, guardian, executor, or administrator, or in another fiduciary capacity, a successor or purchasing trust institution with sufficient fiduciary authority may continue the office, trust, or fiduciary relationship:(1)  without the necessity of judicial action or action by the creator of the office, trust, or fiduciary relationship;  and(2)  without regard to whether the successor or purchasing trust institution meets qualification requirements specified in an instrument creating the office, trust, or fiduciary relationship other than a requirement related to geographic locale of account administration, including requirements as to jurisdiction of incorporation, location of principal office, or type of financial institution.(b)  The successor or purchasing trust institution may perform all the duties and exercise all the powers connected with or incidental to the fiduciary relationship in the same manner as if the successor or purchasing trust institution had been originally designated as the fiduciary.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 6.024(a), eff. Sept. 1, 2001.|
TX Fin Code § 199.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 199 - Miscellaneous Provisions|Section 199.004. Discovery of Client Records

Sec. 199.004.  DISCOVERY OF CLIENT RECORDS.  Civil discovery of a client record maintained by a trust institution, including a state trust company or a trust institution organized under the laws of another state that lawfully maintains an office in this state, is governed by Section 59.006.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 6.025(a), eff. Sept. 1, 2001.|
TX Fin Code § 199.005 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle F - Trust Companies|Chapter 199 - Miscellaneous Provisions|Section 199.005. Compliance Review Committee

Sec. 199.005.  COMPLIANCE REVIEW COMMITTEE.  A trust company may establish a compliance review committee as provided by Section 59.009.|Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 1420, Sec. 6.026(a), eff. Sept. 1, 2001.|
TX Fin Code § 202.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 202 - Bank Holding Companies|Section 202.002. Limitation on Control of Deposits

Sec. 202.002.  LIMITATION ON CONTROL OF DEPOSITS.  (a)  The commissioner may not approve an acquisition if, on consummation of the transaction, the applicant, including all depository institution affiliates of the applicant, would control 20 percent or more of the total amount of deposits in this state held by depository institutions in this state.(b)  The commissioner may request and the applicant shall provide supplemental information to the commissioner to aid in a determination under this section, including information that is more current than or in addition to information in the most recently available summary of deposits, reports of condition, or similar reports filed with or produced by state or federal authorities.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 202.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 202 - Bank Holding Companies|Section 202.003. Required Age of Acquired Bank

Sec. 202.003.  REQUIRED AGE OF ACQUIRED BANK.  (a)  An out-of-state bank holding company may not make an acquisition under this chapter if the Texas bank to be acquired, or any Texas bank subsidiary of the bank holding company to be acquired, has not been in existence and in continuous operation for at least five years as of the effective date of acquisition.(b)  For purposes of this section:(1)  a bank that is the successor as a result of merger or acquisition of all or substantially all of the assets of a prior bank is considered to have been in existence and continuously operated during the period of its existence and continuous operation as a bank and during the period of existence and continuous operation of the prior bank;  and(2)  a bank effecting a purchase and assumption, merger, or similar transaction with or supervised by the Federal Deposit Insurance Corporation or its successor is considered to have been in existence and continuously operated during the existence and continuous operation of the bank with respect to which the transaction was consummated.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 202.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 202 - Bank Holding Companies|Section 202.004. Nonbanking Acquisition, Election, or Activity

Sec. 202.004.  NONBANKING ACQUISITION, ELECTION, OR ACTIVITY.  (a)  A bank holding company doing business in this state that submits an application, election, or notice to the Board of Governors of the Federal Reserve System under Section 4, Bank Holding Company Act (12 U.S.C. Section 1843), that involves or will involve an office location in this state shall submit to the commissioner a copy of the application, election, or notice when the application, election, or notice is submitted to the board of governors, including a notice or application to acquire a nonbanking institution, an election to be treated as a financial holding company, or a request, proposal, or application to engage in an activity that is or may be a financial activity or an activity incidental or complementary to a financial activity.  The bank holding company shall submit other information reasonably requested by the commissioner to determine the manner in which the acquisition, election, or activity will directly or indirectly affect residents of this state.(b)  To assist in determining whether to disapprove the proposed acquisition, election, or activity, the commissioner may hold a public hearing as provided by Section 31.201, regardless of whether requested to do so by a person, regarding the proposed acquisition, election, or activity and its effect on this state.  The commissioner shall convene a hearing if the bank holding company requests a hearing in writing when it submits the application, election, or notice to the commissioner.(c)  The commissioner shall disapprove the proposed acquisition, election, or activity if the commissioner determines that the acquisition, election, or activity would be detrimental to the public interest as a result of probable adverse effects, including undue concentration of resources, decreased or unfair competition, conflicts of interest, or unsound banking practices.(d)  If the commissioner determines to disapprove the proposed acquisition, election, or activity, the commissioner may prepare and file a response to the application, election, or notice with the board of governors and may request that a hearing be held.  If the board of governors grants the request, the commissioner shall appear and present evidence at the hearing regarding the reasons the proposed acquisition, election, or activity should be denied.(e)  If the board of governors approves a proposed acquisition, election, or activity that the commissioner disapproved, the commissioner may accept the decision or seek to overturn the decision on appeal as provided by Section 9, Bank Holding Company Act (12 U.S.C. Section 1848).|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 528, Sec. 30, eff. Sept. 1, 2001.|
TX Fin Code § 202.005 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 202 - Bank Holding Companies|Section 202.005. Applicable Laws

Sec. 202.005.  APPLICABLE LAWS.  (a)  The commissioner may:(1)  examine a bank holding company that controls a Texas bank to the same extent as if the bank holding company were a Texas state bank; and(2)  bring an enforcement proceeding under Chapter 35 against a bank holding company or other person that violates or participates in a violation of Subtitle A, an agreement filed with the commissioner under this chapter, or a rule adopted by the finance commission or order issued by the commissioner under Subtitle A, as if the bank holding company were a Texas state bank.(a-1)  The grounds, procedures, and effects of an enforcement proceeding brought under this section apply to a bank holding company, an officer, director, or employee of a bank holding company, or a controlling shareholder or other person participating in the affairs of a bank holding company in the same manner as the grounds, procedures, and effects apply to a state bank, an officer, director, or employee of a state bank, or a controlling shareholder or other person participating in the affairs of a state bank.(b)  A Texas bank that is controlled by a bank holding company that is not a Texas bank holding company shall be subject to all laws of this state that are applicable to Texas banks that are controlled by Texas bank holding companies.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 94, eff. Sept. 1, 2001.Amended by: Acts 2007, 80th Leg., R.S., Ch. 237 (H.B. 1962), Sec. 77, eff. September 1, 2007.Acts 2011, 82nd Leg., R.S., Ch. 183 (S.B. 1165), Sec. 17, eff. May 28, 2011.Acts 2015, 84th Leg., R.S., Ch. 422 (H.B. 3555), Sec. 14, eff. September 1, 2015.|
TX Fin Code § 202.006 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 202 - Bank Holding Companies|Section 202.006. Financial Activities

Sec. 202.006.  FINANCIAL ACTIVITIES.  (a)  A financial holding company may engage in a financial activity or an activity incidental or complementary to a financial activity if the activity has been authorized by:(1)  the Board of Governors of the Federal Reserve System under 12 U.S.C. Section 1843(k);  or(2)  a rule adopted by the finance commission under Subsection (b).(b)  The finance commission by rule may determine that an activity not otherwise approved or authorized under this chapter, federal law, or other law is:(1)  a financial activity;(2)  incidental to a financial activity;  or(3)  complementary to a financial activity.(c)  In adopting a rule under Subsection (b), the finance commission shall consider:(1)  the purposes of this subtitle and the Gramm-Leach-Bliley Act (Pub.  L. No. 106-102);(2)  changes or reasonably expected changes in the marketplace in which financial holding companies compete;(3)  changes or reasonably expected changes in the technology for delivering financial services;(4)  whether the activity is necessary or appropriate to allow a financial holding company to:(A)  compete effectively with another company seeking to provide financial services;(B)  efficiently deliver information and services that are financial in nature through the use of technological means, including an application necessary to protect the security or efficacy of systems for the transmission of data or financial transactions;  or(C)  offer customers available or emerging technological means for using financial services or for the document imaging of data;  and(5)  if otherwise determined to be permissible, whether the conduct of the activity by a financial holding company should be qualified through the imposition of reasonable and necessary conditions to protect the public and require appropriate regard for safety and soundness of the holding company's subsidiary banks and the financial system generally.(d)  A determination by the board of governors under federal law or by a rule of the finance commission under this section does not alter or negate applicable licensing and regulatory requirements administered by a functional regulatory agency of this state.|Added by Acts 2001, 77th Leg., ch. 528, Sec. 31, eff. Sept. 1, 2001.|
TX Fin Code § 203.001 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 203 - Interstate Bank Mergers and Branching|Section 203.001. Interstate Branching by Texas State Banks

Sec. 203.001.  INTERSTATE BRANCHING BY TEXAS STATE BANKS.  (a)  With the prior approval of the commissioner, a Texas state bank may establish and maintain a de novo branch or acquire a branch in a state other than Texas pursuant to Section 32.203.(b)  With the prior approval of the commissioner, a Texas state bank may establish, maintain, and operate one or more branches in another state pursuant to an interstate merger transaction in which the Texas state bank is the resulting bank.  Not later than the date on which the required application for the interstate merger transaction is filed with the responsible federal bank supervisory agency, the applicant Texas state bank shall file an application on a form prescribed by the commissioner and pay the fee prescribed by law.  The applicant shall also comply with the applicable provisions of Sections 32.301-32.303.  The commissioner shall approve the interstate merger transaction and the operation of branches outside of this state by the Texas state bank if the commissioner makes the findings required by Section 32.302(b).  An interstate merger transaction may be consummated only after the applicant has received the commissioner's written approval.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 203.002 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 203 - Interstate Bank Mergers and Branching|Section 203.002. Conditions for Entry by De Novo Branching

Sec. 203.002.  CONDITIONS FOR ENTRY BY DE NOVO BRANCHING.  (a)  An out-of-state bank may establish a de novo branch in this state if:(1)   the out-of-state bank confirms in writing to the commissioner that as long as it maintains a branch in this state, it will comply with all applicable laws of this state;(2)  the applicant provides satisfactory evidence to the commissioner of compliance with the applicable requirements of Section 201.102; and(3)  the commissioner, acting on or before the 30th day after the date the commissioner receives notice of an application under Subsection (b), certifies to the responsible federal bank supervisory agency that the requirements of this subchapter have been met.(b)  An out-of-state bank desiring to establish and maintain a de novo branch shall provide written notice of the proposed transaction to the commissioner not later than the date on which the bank applies to the responsible federal bank supervisory agency for approval to establish the branch.  The filing of the notice must be accompanied by the filing fee, if any, prescribed by the commissioner.(c)  A de novo branch may be established in this state through the acquisition of a branch of an existing Texas bank if the acquiring out-of-state bank complies with this section.(d)  A depository institution may not establish or maintain a branch in this state on the premises or property of an affiliate if the affiliate engages in commercial activities, except as provided by Section 92.063(d).|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.Amended by: Acts 2007, 80th Leg., R.S., Ch. 217 (H.B. 944), Sec. 4, eff. May 25, 2007.Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 23, eff. June 14, 2013.|
TX Fin Code § 203.003 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 203 - Interstate Bank Mergers and Branching|Section 203.003. Entry by Interstate Merger Transaction

Sec. 203.003.  ENTRY BY INTERSTATE MERGER TRANSACTION.  (a)  Subject to Section 203.004, one or more Texas banks may enter into an interstate merger transaction with one or more out-of-state banks under this chapter, and an out-of-state bank resulting from the transaction may maintain and operate the branches in this state of a Texas bank that participated in the transaction.  An out-of-state bank that will be the resulting bank in the interstate merger transaction shall comply with Section 201.102.(b)  An out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a Texas state bank shall notify the commissioner of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank supervisory agency, and shall submit a copy of that application to the commissioner and pay the filing fee, if any, required by the commissioner.  A Texas state bank that is a party to the interstate merger transaction shall comply with Chapter 32 and with other applicable state and federal laws.  An out-of-state bank that will be the resulting bank in the interstate merger transaction shall provide satisfactory evidence to the commissioner of compliance with Section 201.102.(c)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 940, Sec. 26, eff. June 14, 2013.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 24, eff. June 14, 2013.Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 26, eff. June 14, 2013.|
TX Fin Code § 203.004 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 203 - Interstate Bank Mergers and Branching|Section 203.004. Limitation on Control of Deposits

Sec. 203.004.  LIMITATION ON CONTROL OF DEPOSITS.  (a)  An interstate merger transaction is not permitted if, on consummation of the transaction, the resulting bank, including all depository institution affiliates of the resulting bank, would control 20 percent or more of the total amount of deposits in this state held by all depository institutions in this state.(b)  The commissioner may request and the applicant shall provide supplemental information to the commissioner to aid in a determination under this section, including information that is more current than or in addition to information in the most recently available summary of deposits, reports of condition, or similar reports filed with or produced by state or federal authorities.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 203.006 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 203 - Interstate Bank Mergers and Branching|Section 203.006. Additional Branches

Sec. 203.006.  ADDITIONAL BRANCHES.  An out-of-state bank that has established or acquired a branch in this state under this chapter may establish or acquire additional branches in this state to the same extent that a Texas state bank may establish or acquire a branch in this state under applicable state and federal law.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.|
TX Fin Code § 203.007 (2021)
2021 Texas Statutes|Finance Code|Title 3 - Financial Institutions and Businesses|Subtitle G - Bank Holding Companies; Interstate Bank Operations|Chapter 203 - Interstate Bank Mergers and Branching|Section 203.007. Examinations

Sec. 203.007.  EXAMINATIONS. (a)  With respect to an interstate branch maintained by an out-of-state state bank in this state, the banking commissioner:(1)  with written notice to the home state regulator and subject to the terms of any applicable cooperative agreement with the home state regulator, may examine the branch for the purpose of determining whether the branch is in compliance with the laws of this state that are applicable under Section 24(j), Federal Deposit Insurance Act (12 U.S.C. Section 1831a(j)), including laws governing community reinvestment, fair lending, and consumer protection; and(2)  if expressly permitted under and subject to the terms of any cooperative agreement with the home state regulator, or if the bank has been determined to be in a troubled condition by the home state regulator or the bank's appropriate federal banking agency, may participate in the examination of the bank by the home state regulator to ascertain whether the activities of the branch in this state are being conducted in an unsafe or unsound manner.(b)  For purposes of this section, a bank is considered to be in a troubled condition if the bank:(1)  has a composite rating, as determined in the bank's  most recent report of examination, of four or five under the Uniform Financial Institutions Ratings System;(2)  is subject to a proceeding initiated by the Federal Deposit Insurance Corporation for termination or suspension of deposit insurance;  or(3)  is subject to a proceeding initiated by the home state regulator to:(A)  vacate, revoke, or terminate the bank's charter;(B)  liquidate the bank; or(C)  appoint a receiver for the bank.|Added by Acts 1999, 76th Leg., ch. 344, Sec. 1.001, eff. Sept. 1, 1999.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 940 (H.B. 1664), Sec. 25, eff. June 14, 2013.|