Tex. Fin. Code § 274.111 · Subchapter B. SUBSIDIARY TRUST COMPANIES AS SUBSTITUTE OR SUCCESSOR FIDUCIARIES
EFFECTIVE DATE OF CHANGE IN SITUS OF ADMINISTRATION OF FIDUCIARY ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A change in the situs of administration takes effect on the effective date stated in the notice under Section 274.109 unless, not later than the 16th day before the effective date:
(1) each party entitled to receive notice for the fiduciary account provides the subsidiary trust company with a written objection to the change; or
(2) a party entitled to receive notice files a written petition in a court seeking to have the change denied under Section 274.112 and provides the subsidiary trust company with a copy of the petition.
(b) A change that is objected to under Subsection (a)(1) takes effect when:
(1) one of the parties objecting to the change removes the party's objection in writing; or
(2) the subsidiary trust company obtains a final court order approving the change.
(c) A change that is objected to under Subsection (a)(2) takes effect when:
(1) the petition is withdrawn or dismissed; or
(2) the court enters a final order denying the relief sought.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.274.htm
- Text hash
- sha256 2b0b83711096d5f8298dd5408e4a0ef01606c0c8defcdc32a0ac6a41a9b3213d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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