Tex. Fin. Code § 275.201 · Subchapter E. INVESTMENT IN MUTUAL TRUST INVESTMENT COMPANY
PURCHASE BY FIDUCIARY; AUTHORITY AND RESTRICTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
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 76ab2fea31e05cd105cb70fcfc2416f63331e753e9a4f31628cd5e762c1ff216
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 275.201. Each shows the citation as that text prints it.
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