Tex. Fin. Code Section 183.107
Limitation on Action of Officer or Employee in Relation to Asset or Liability

Unless expressly authorized by a resolution of the board recorded in its minutes, an officer or employee may not create or dispose of a state trust company asset or create or incur a liability on behalf of the state trust company.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.

Source: Section 183.107 — Limitation on Action of Officer or Employee in Relation to Asset or Liability, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­183.­htm#183.­107 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 183.107’s source at texas​.gov