Texas HB3806 restricts activities of state trust companies under supervision, prohibiting certain actions without approval.
Texas HB3806 amends the Finance Code to restrict activities of state trust companies under supervision. During supervision, these companies cannot dispose of assets, lend or invest funds, incur debt, pay dividends, solicit new clients, or change executive officers without prior approval. The banking commissioner can also prohibit activities deemed to threaten safety and soundness. This Act takes effect September 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.