Tex. Fin. Code § 36.107 · Subchapter B. VOLUNTARY DISSOLUTION
FIDUCIARY ACTIVITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) As soon after publication of the notice of dissolution as is practicable, the bank shall:
(1) terminate all fiduciary positions it holds;
(2) surrender all property held by it as a fiduciary; and
(3) settle its fiduciary accounts.
(b) Unless all fiduciary accounts are settled and transferred by the last date specified in published notices or by the banking commissioner and unless the banking commissioner directs otherwise, the bank shall mail a notice to each trustor and beneficiary of any remaining trust, escrow arrangement, or other fiduciary relationship. The notice must state:
(1) the location of an office open during normal business hours where administration of the remaining fiduciary accounts will continue until settled or transferred; and
(2) a telephone number at that office.
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.36.htm
- Text hash
- sha256 c3a178c20c11e0ff9110d3ddab37817f85f61e9fe7c89de4333f9104d2028d74
- 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 § 36.107. Each shows the citation as that text prints it.
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.