By: Slawson H.B. No. 3849       A BILL TO BE ENTITLED   AN ACT   relating to regulation of state trust companies.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 182.502(b), Finance Code, is amended to   read as follows:          Sec. 182.502.  CONVERSION OF TRUST INSTITUTION INTO STATE   TRUST COMPANY.          (b)  A trust institution applying to convert into a state   trust company may receive a certificate of authority to do business   as a state trust company if the banking commissioner finds that:                (1)  the trust institution is not engaging in a pattern   or practice of unsafe and unsound fiduciary or banking practices;                (2)  the trust institution has adequate capitalization   for a state trust company to act as a fiduciary at the same   locations as the trust institution is acting as a fiduciary before   the conversion;                (3)  the trust institution can be expected to operate   profitably after the conversion;                (4)  the officers and directors of the trust   institution as a group have sufficient fiduciary [banking]   experience, ability, standing, competence, trustworthiness, and   integrity to justify a belief that the trust institution will   operate as a state trust company in compliance with law; and                (5)  Each principal shareholder has sufficient   experience, ability, standing, competence, trustworthiness, and   integrity to justify a belief that the trust institution will be   free from improper or unlawful influence or interference with   respect to the trust institution's operation as a state trust   company in compliance with law.          SECTION 2.  Section 184.003(e), Finance Code, is amended to   read as follows:          Sec. 184.003.  OTHER REAL PROPERTY.          (e)  Subject to the exercise of good judgment, a state trust   company may invest its secondary capital in real property. The   factors to be considered by a state trust company in exercise of   prudent judgment include the factors contained in Section   184.101(e) [184.101(f)].          SECTION 3.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution. If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2021.