Section 187.001 - Definitions(a) In this chapter:(1) "Acquire" means an act that results in direct or indirect control by an out-of-state trust company of a state trust institution, including an act that causes the company to: (A) merge with the state trust institution;(B) assume direct or indirect ownership of a controlling interest in any class of voting shares of the state trust institution; or(C) assume direct ownership or control of all or substantially all of the accounts of a state trust institution.(2) "Bank" means: (A) a state bank chartered under Chapter 32 or the laws of another state;(B) a national bank chartered under federal law; or(C) a foreign bank that is organized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands and that has its deposits insured by the Federal Deposit Insurance Corporation.(3) "Branch" has the meaning assigned by Section 31.002(a).(4) "Credit union" means a credit union chartered under Chapter 122, the laws of another state, or federal law.(5) "De novo trust office" means a trust office located in a host state that: (A) is originally established by a trust company as a trust office; and(B) does not become a trust office of the trust company as a result of an acquisition or conversion of another trust institution.(6) "Foreign bank" has the meaning assigned by Section 1(b)(7), International Banking Act (12 U.S.C. Section 3101(7)) , as amended.(7) "Home state" means: (A) with respect to a federally chartered trust institution or a foreign bank, the state in which the institution maintains its principal office; and(B) with respect to another trust institution, the state that chartered the institution.(8) "Home state regulator" means the supervisory agency with primary responsibility for chartering and supervising a trust company.(9) "Host state" means a state, other than the home state of a trust company, or a foreign country in which the trust company maintains or seeks to acquire or establish an office.(10) "Office" means, with respect to a trust company, the principal office, a trust office, or a representative trust office.(11) "Out-of-state trust company" means a trust company: (A) whose home state is another state; or(B) that is chartered under the laws of a foreign country.(12) "Principal office" means: (A) with respect to a state trust company, its home office as defined by Section 181.002(a); and(B) with respect to a bank, savings bank, savings association, foreign bank, or out-of-state trust company, its main office or principal place of business in the United States.(13) "Representative trust office" means an office at which a trust company has been authorized by the banking commissioner to engage in activities other than acting as a fiduciary as provided by Subchapter C.(14) "Savings association" means a savings and loan association chartered under Chapter 62, the laws of another state, or federal law.(15) "Savings bank" means a savings bank chartered under Chapter 92, the laws of another state, or federal law.(16) "State" means any state of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands.(17) "State trust institution" means a trust institution whose home state is this state.(18) "Supervisory agency" means: (A) an agency of another state or a foreign country with primary responsibility for chartering and supervising a trust institution; and(B) with respect to a federally chartered trust institution or foreign bank, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of Thrift Supervision, or the National Credit Union Administration, as applicable.(19) "Trust company" means a state trust company or a company chartered under the laws of another state or a foreign country to conduct a trust business that is not a bank, credit union, savings association, savings bank, or foreign bank.(20) "Trust institution" means a bank, credit union, foreign bank, savings association, savings bank, or trust company that is authorized by its charter to conduct a trust business.(21) "Trust office" means an office, other than the principal office, at which a trust company is licensed by the banking commissioner to conduct a trust business.(b) The definitions provided by Section 181.002(a) apply to this chapter to the extent not inconsistent with this chapter.(c) The definitions shall be liberally construed to accomplish the purposes of this chapter.(d) The finance commission by rule may adopt other definitions to accomplish the purposes of this chapter.Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. 9/1/2001.