(a) An out-of-state trust institution desiring to establish and maintain a new trust office or acquire and maintain a trust office in this state under this chapter shall provide, or cause its home state regulator to provide, written notice of the proposed transaction to the Bank Commissioner on or after the date on which the out-of-state trust institution applies to the home state regulator for approval to establish and maintain or acquire the trust office.
(b) The filing of the notice under subsection (a) of this section shall be preceded or accompanied by a copy of the resolution adopted by the board of the out-of-state trust institution authorizing the additional trust office and the filing fee, if any, prescribed by the commissioner.