Texas Estates Code

§ 505.006 — CRIMINAL PENALTY; EFFECT OF CONVICTION

ES § 505.006Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part K. FOREIGN WILLS, OTHER TESTAMENTARY INSTRUMENTS, AND FIDUCIARIES · Ch. 505. FOREIGN PERSONAL REPRESENTATIVES, TRUSTEES, AND FIDUCIARIES · Art. A. FOREIGN CORPORATE FIDUCIARY

Statute text

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(a)A foreign corporate fiduciary commits an offense if the fiduciary violates this subchapter.

(b)An offense under this section is a misdemeanor punishable by a fine not to exceed $5,000.

(c)On conviction, the court may prohibit a foreign corporate fiduciary convicted of an offense under this section from thereafter serving in any fiduciary capacity in this state.

Legislative history

Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.