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HB3806 • 2025

Relating to prohibited activities of a state trust company under supervision.

Relating to prohibited activities of a state trust company under supervision.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Lambert
Last action
2025-06-20
Official status
06/20/2025 E Effective on 9/1/25
Effective date
2025-06-20

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relating to prohibited activities of a state trust company under supervision.

Relating to prohibited activities of a state trust company under supervision.

What This Bill Does

  • Relating to prohibited activities of a state trust company under supervision.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-06-20 Texas Legislature Online

    Signed by the Governor

  2. 2025-06-20 Texas Legislature Online

    Effective on 9/1/25

  3. 2025-05-28 Texas Legislature Online

    Sent to the Governor

  4. 2025-05-27 Texas Legislature Online

    Signed in the House

  5. 2025-05-27 Texas Legislature Online

    Signed in the Senate

  6. 2025-05-26 Texas Legislature Online

    Reported enrolled

  7. 2025-05-25 Texas Legislature Online

    Placed on local & uncontested calendar

  8. 2025-05-25 Texas Legislature Online

    Laid before the Senate

  9. 2025-05-25 Texas Legislature Online

    Read 2nd time & passed to 3rd reading

  10. 2025-05-25 Texas Legislature Online

    Vote recorded in Journal

  11. 2025-05-25 Texas Legislature Online

    Three day rule suspended

  12. 2025-05-25 Texas Legislature Online

    Record vote

  13. 2025-05-25 Texas Legislature Online

    Read 3rd time

  14. 2025-05-25 Texas Legislature Online

    Passed

  15. 2025-05-25 Texas Legislature Online

    Record vote

  16. 2025-05-25 Texas Legislature Online

    Senate passage reported

  17. 2025-05-15 Texas Legislature Online

    Considered in public hearing

  18. 2025-05-15 Texas Legislature Online

    Vote taken in committee

  19. 2025-05-15 Texas Legislature Online

    Reported favorably w/o amendments

  20. 2025-05-15 Texas Legislature Online

    Recommended for local & uncontested calendar

  21. 2025-05-15 Texas Legislature Online

    Committee report printed and distributed

  22. 2025-05-13 Texas Legislature Online

    Scheduled for public hearing on . . .

  23. 2025-05-13 Texas Legislature Online

    Considered in public hearing

  24. 2025-05-13 Texas Legislature Online

    Left pending in committee

  25. 2025-05-01 Texas Legislature Online

    Read first time

  26. 2025-05-01 Texas Legislature Online

    Referred to Business & Commerce

  27. 2025-04-30 Texas Legislature Online

    Read 3rd time

  28. 2025-04-30 Texas Legislature Online

    Passed

  29. 2025-04-30 Texas Legislature Online

    Record vote. RV#1053

  30. 2025-04-30 Texas Legislature Online

    Statement(s) of vote recorded in Journal

  31. 2025-04-30 Texas Legislature Online

    Reported engrossed

  32. 2025-04-30 Texas Legislature Online

    Received from the House

  33. 2025-04-29 Texas Legislature Online

    Placed on General State Calendar

  34. 2025-04-29 Texas Legislature Online

    Read 2nd time

  35. 2025-04-29 Texas Legislature Online

    Passed to engrossment

  36. 2025-04-29 Texas Legislature Online

    Record vote. RV#915

  37. 2025-04-25 Texas Legislature Online

    Placed on Local, Consent, and Res. Calendar

  38. 2025-04-25 Texas Legislature Online

    Withdrawn from calendar (contested)

  39. 2025-04-25 Texas Legislature Online

    Returned to Local & Consent Calendars Comm.

  40. 2025-04-25 Texas Legislature Online

    Considered in Local & Consent Calendars

  41. 2025-04-25 Texas Legislature Online

    Transferred to Calendars Committee

  42. 2025-04-25 Texas Legislature Online

    Committee report sent to Calendars

  43. 2025-04-25 Texas Legislature Online

    Considered in Calendars

  44. 2025-04-23 Texas Legislature Online

    Considered in Local & Consent Calendars

  45. 2025-04-16 Texas Legislature Online

    Comm. report sent to Local & Consent Calendar

  46. 2025-04-15 Texas Legislature Online

    Comte report filed with Committee Coordinator

  47. 2025-04-15 Texas Legislature Online

    Committee report distributed

  48. 2025-04-09 Texas Legislature Online

    Considered in formal meeting

  49. 2025-04-09 Texas Legislature Online

    Recommended to be sent to Local & Consent

  50. 2025-04-09 Texas Legislature Online

    Reported favorably w/o amendment(s)

  51. 2025-04-07 Texas Legislature Online

    Scheduled for public hearing on . . .

  52. 2025-04-07 Texas Legislature Online

    Considered in public hearing

  53. 2025-04-07 Texas Legislature Online

    Testimony taken/registration(s) recorded in committee

  54. 2025-04-07 Texas Legislature Online

    Left pending in committee

  55. 2025-03-26 Texas Legislature Online

    Read first time

  56. 2025-03-26 Texas Legislature Online

    Referred to Pensions, Investments & Financial Services

  57. 2025-03-05 Texas Legislature Online

    Filed

Official Summary Text

Relating to prohibited activities of a state trust company under supervision.

Current Bill Text

Read the full stored bill text 
89(R) HB 3806 - Enrolled version - Bill Text

H.B. No. 3806

AN ACT

relating to prohibited activities of a state trust company under

supervision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 185.106, Finance Code, is amended to

read as follows:

Sec. 185.106. DUTIES OF STATE TRUST COMPANY UNDER

SUPERVISION. During a period of supervision, a state trust

company, without the prior approval of the banking commissioner or

the supervisor or as otherwise permitted or restricted by the order

of supervision, may not:

(1) dispose of, sell, transfer, convey, or encumber

the state trust company's assets;

(2) lend or invest the state trust company's funds;

(3) incur a debt, obligation, or liability;

(4) pay a [
cash
] dividend to the state trust company's

shareholders or participants;

(5) solicit or accept any new client accounts; [
or
]

(6) remove an executive officer or director, change

the number of executive officers or directors, or have any other

change in the position of executive officer or director
; or

(7)

engage in any other activity determined by the

banking commissioner to threaten the safety and soundness of the

state trust company
.

SECTION 2. This Act takes effect September 1, 2025.

______________________________

______________________________

President of the Senate

Speaker of the House

I certify that H.B. No. 3806 was passed by the House on April

30, 2025, by the following vote: Yeas 131, Nays 0, 3 present, not

voting.

______________________________

Chief Clerk of the House

I certify that H.B. No. 3806 was passed by the Senate on May

25, 2025, by the following vote: Yeas 31, Nays 0.

______________________________

Secretary of the Senate

APPROVED: _____________________

Date

_____________________

Governor