{"data":{"id":"us-tx/tex.-finance-code-275.051","jurisdiction":"us-tx","citation":"Tex. Finance Code § 275.051","heading":"CREATION OF MUTUAL TRUST INVESTMENT COMPANY.","body":"(a) One or more fiduciary institutions may incorporate a mutual trust investment company as provided by this chapter to be a medium for the common investment of trust funds held in a fiduciary capacity for fiduciary purposes, by those entities alone or with one or more cofiduciaries.\n(b) A mutual trust investment company must be an open-end investment company as defined by, and must be subject to, the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.).\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.","path":["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 B. CREATION OF MUTUAL TRUST INVESTMENT COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.275.htm#275.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"60b2b5580e79271304c1312f7df454ee8b6f604c06f2abcb85a220441d321d9c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-275.004","next":"us-tx/tex.-finance-code-275.052"},"notice":"GroundRules: Original legal text. Not legal advice."}