{"data":{"id":"us-tx/tex.-finance-code-275.102","jurisdiction":"us-tx","citation":"Tex. Finance Code § 275.102","heading":"AUDITS AND REPORTS.","body":"(a) At least once each year, a mutual trust investment company shall cause an adequate audit to be made of the company by auditors responsible only to the board of directors of the company.\n(b) A mutual trust investment company shall furnish annually a copy of the company's audited financial statement to each corporate fiduciary owning stock in the company.\n(c) The mutual trust investment company shall pay the:\n(1) reasonable expenses of an audit required by this section made by an independent public accountant or certified public accountant; and\n(2) costs of preparing and distributing a report required by this section.\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 C. ADMINISTRATIVE PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.275.htm#275.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"79fc418c2718f979a37c73eadfce07448bfd301e02984c5b0f4e8738b5bd7215","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-275.101","next":"us-tx/tex.-finance-code-275.151"},"notice":"GroundRules: Original legal text. Not legal advice."}