Tex. Fin. Code § 275.153 · Subchapter D. MUTUAL TRUST INVESTMENT COMPANY STOCK

TRANSFER AND ASSIGNMENT.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

The stock of a mutual trust investment company may not be transferred except to:

(1) the mutual trust investment company; or

(2) a fiduciary or cofiduciary that becomes successor to a stockholder and that is a bank or trust company qualified to hold the stock under this chapter.

Notes and commentary — not statutory text

History

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/FI/htm/FI.275.htm
Text hash: sha256 e8bc6e17c5456a1ff5e94e1b904bfa037372298553e6c53cb5186e6967cea6c5
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

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.