Section 187.201 - Representative Trust Office Business(a) An out-of-state trust institution may establish a representative trust office as permitted by this subchapter to:(1) solicit, but not accept, fiduciary appointments;(2) act as a fiduciary in this state to the extent permitted for a foreign corporate fiduciary by Subchapter A, Chapter 505, Estates Code;(3) perform ministerial duties with respect to existing clients and accounts of the trust institution;(4) engage in an activity permitted by Section 182.021; and(5) to the extent the office is not acting as a fiduciary:(A) receive for safekeeping personal property of every description;(B) act as assignee, bailee, conservator, custodian, escrow agent, registrar, receiver, or transfer agent; and(C) act as financial advisor, investment advisor or manager, agent, or attorney-in-fact in any agreed capacity.(b) Except as provided by Subsection (a), a trust representative office may not act as a fiduciary or otherwise engage in the trust business in this state.(c) Subject to the requirements of this subchapter, an out-of-state trust institution may establish and maintain representative trust offices anywhere in this state.Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1236,Sec. 20.018, eff. 9/1/2015.Added by Acts 2001, 77th Leg., ch. 1420, Sec. 6.001(a), eff. 9/1/2001.