Texas Finance Code

§ 274.104 — FORM OF NOTICE OF SUBSTITUTION

FI § 274.104Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES · Ch. 274. SUBSTITUTE OR SUCCESSOR FIDUCIARY · Art. B. SUBSIDIARY TRUST COMPANIES AS SUBSTITUTE OR SUCCESSOR FIDUCIARIES

Statute text

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The notice required under Section 274.103 must be in writing and disclose:

(1)the effect the substitution of fiduciary will have on the situs of administration of the fiduciary account;

(2)the person's rights with respect to objecting to the substitution; and

(3)the liability of the existing fiduciary and the substitute fiduciary for their actions.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.