Tex. Fin. Code Section 275.051
Creation of Mutual Trust Investment Company


(a)

One or more fiduciary institutions may incorporate a mutual trust investment company as provided by this chapter to be a medium for the common investment of trust funds held in a fiduciary capacity for fiduciary purposes, by those entities alone or with one or more cofiduciaries.

(b)

A mutual trust investment company must be an open-end investment company as defined by, and must be subject to, the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.).
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.

Source: Section 275.051 — Creation of Mutual Trust Investment Company, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­275.­htm#275.­051 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 275.051’s source at texas​.gov