Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 275.201: PURCHASE BY FIDUCIARY; AUTHORITY AND RESTRICTIONS.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES
CHAPTER 275. TEXAS MUTUAL TRUST INVESTMENT COMPANY ACT
SUBCHAPTER E. INVESTMENT IN MUTUAL TRUST INVESTMENT COMPANY

A fiduciary institution, alone or with one or more cofiduciaries, acting as a fiduciary for fiduciary purposes with the consent of any cofiduciaries, may invest and reinvest funds held in a fiduciary capacity, exercising the care of a prudent investor, in the shares of stock of a mutual trust investment company unless a will, trust indenture, or other instrument under which the fiduciary is acting prohibits that investment.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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