Texas Finance Code

§ 275.002 — DEFINITIONS

FI § 275.002Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES · Ch. 275. TEXAS MUTUAL TRUST INVESTMENT COMPANY ACT · Art. A. GENERAL PROVISIONS

Statute text

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In this chapter:

(1)"Fiduciary institution" means a:

(A)state bank with trust powers;

(B)national bank with trust powers; or

(C)trust company.

(2)"Stock" means a unit of participation in the net asset value of one or more of the investment funds of a mutual trust investment company.

Legislative history

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