{"data":{"id":"us-tx/tex.-finance-code-183.107","jurisdiction":"us-tx","citation":"Tex. Finance Code § 183.107","heading":"LIMITATION ON ACTION OF OFFICER OR EMPLOYEE IN RELATION TO ASSET OR LIABILITY.","body":"Unless expressly authorized by a resolution of the board recorded in its minutes, an officer or employee may not create or dispose of a state trust company asset or create or incur a liability on behalf of the state trust company.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 183. OWNERSHIP AND MANAGEMENT OF STATE TRUST COMPANY","SUBCHAPTER B. BOARD AND OFFICERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.183.htm#183.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0343d3635f261f0e644215b8211d90302000629df6d55b8fbe098d4107cd68f6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-183.106","next":"us-tx/tex.-finance-code-183.108"},"notice":"GroundRules: Original legal text. Not legal advice."}