Tex. Fin. Code Section 274.116
Responsibility for Subsidiary Trust Company


The bank holding company that owns a subsidiary trust company shall file with the commissioner an irrevocable undertaking to be fully responsible for the fiduciary acts and omissions of the subsidiary trust company.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: Section 274.116 — Responsibility for Subsidiary Trust Company, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­274.­htm#274.­116 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 274.116’s source at texas​.gov