Tex. Fin. Code Section 275.201
Purchase by Fiduciary; Authority and Restrictions


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.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.

Source: Section 275.201 — Purchase by Fiduciary; Authority and Restrictions, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­275.­htm#275.­201 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 275.201’s source at texas​.gov