How may I conduct multi-state operations?

§ 150.130 How may I conduct multi-state operations? (a) Conducting fiduciary activities in more than one state. You may conduct fiduciary activities in any state, subject to the application and notice requirements in § 5.26 of this chapter. (b) Serving customers in more than one state. When you conduct fiduciary activities in a state: (1) You may market your fiduciary services to, and act as a fiduciary for, customers located in any state, may act as a fiduciary for relationships that include property located in other states, and may act as a testamentary trustee for a testator located in other states. (2) You may establish or utilize an office in any state to perform activities that are ancillary to your fiduciary business. [76 FR 49003, Aug. 9, 2011, as amended at 80 FR 28480, May 18, 2015]