Texas Finance Code

§ 274.202 — LIABILITY OF AFFILIATED BANK ACTING AS FIDUCIARY

FI § 274.202Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES · Ch. 274. SUBSTITUTE OR SUCCESSOR FIDUCIARY · Art. C. BANKS AFFILIATED WITH SUBSIDIARY TRUST COMPANIES

Statute text

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After a substitution of a subsidiary trust company as fiduciary for an affiliated bank of the company, the bank remains liable for any action taken by the bank as a fiduciary.

Legislative history

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