{"data":{"id":"us-tx/tex.-finance-code-183.110","jurisdiction":"us-tx","citation":"Tex. Finance Code § 183.110","heading":"FIDUCIARY RESPONSIBILITY.","body":"The board of a state trust company is responsible for the proper exercise of fiduciary powers by the state trust company and each matter pertinent to the exercise of fiduciary powers, including:\n(1) the determination of policies;\n(2) the investment and disposition of property held in a fiduciary capacity; and\n(3) the direction and review of the actions of each officer, employee, and committee used by the state trust company in the exercise of its fiduciary powers.\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#183.110","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0afc94049f69b1ffebdde9d42f348768bcb80b0e4bf1956b15a94fff26e65dd9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-183.109","next":"us-tx/tex.-finance-code-183.111"},"notice":"GroundRules: Original legal text. Not legal advice."}