Texas Finance Code
§ 274.110 — FAILURE TO SEND NOTICE OF CHANGE IN SITUS OF ADMINISTRATION
FI § 274.110Title 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
View on source(a)If the substitute fiduciary of a fiduciary account intentionally fails to send the required notice under Section 274.109, the change in the situs of administration is ineffective.
(b)If the substitute fiduciary unintentionally fails to send the required notice, the change in the situs of administration is not impaired.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.