{"data":{"id":"us-tx/tex.-finance-code-274.106","jurisdiction":"us-tx","citation":"Tex. Finance Code § 274.106","heading":"EFFECTIVE DATE OF SUBSTITUTION OF FIDUCIARIES.","body":"(a) The substitution takes effect on the effective date stated in the substitution agreement unless, not later than the 16th day before the effective date:\n(1) each party entitled to receive notice of the substitution under Sections 274.103(a) and (c) provides the affiliated bank with a written objection to the substitution; or\n(2) a party entitled to receive notice of the substitution under Section 274.103 files a written petition in a court seeking to have the substitution denied under Section 274.107 and provides the affiliated bank with a copy of the petition.\n(b) A substitution that is objected to under Subsection (a)(1) takes effect when:\n(1) one of the parties objecting to the substitution removes the party's objection in writing; or\n(2) the bank obtains a final court order approving the substitution.\n(c) A substitution that is objected to under Subsection (a)(2) takes effect when:\n(1) the petition is withdrawn or dismissed; or\n(2) the court enters a final order denying the relief sought.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES","CHAPTER 274. SUBSTITUTE OR SUCCESSOR FIDUCIARY","SUBCHAPTER B. SUBSIDIARY TRUST COMPANIES AS SUBSTITUTE OR SUCCESSOR FIDUCIARIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.274.htm#274.106","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"90731b312e999e9dcbe8a101b45b7f352461d0cf3635e589947292316149b04d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-274.105","next":"us-tx/tex.-finance-code-274.107"},"notice":"GroundRules: Original legal text. Not legal advice."}