{"data":{"id":"us-tx/tex.-finance-code-275.201","jurisdiction":"us-tx","citation":"Tex. Finance Code § 275.201","heading":"PURCHASE BY FIDUCIARY; AUTHORITY AND RESTRICTIONS.","body":"A fiduciary institution, alone or with one or more cofiduciaries, acting as a fiduciary for fiduciary purposes with the consent of any cofiduciaries, may invest and reinvest funds held in a fiduciary capacity, exercising the care of a prudent investor, in the shares of stock of a mutual trust investment company unless a will, trust indenture, or other instrument under which the fiduciary is acting prohibits that investment.\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 E. INVESTMENT IN MUTUAL TRUST INVESTMENT COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.275.htm#275.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"023e730c18146c1b591efcbd351ee589d8abe5f07899b6dfce9e30414f396210","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-275.154","next":"us-tx/tex.-finance-code-275.202"},"notice":"GroundRules: Original legal text. Not legal advice."}