Tex. Finance Code § 183.110
This is the official text of Tex. Finance Code § 183.110, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 183.110. FIDUCIARY RESPONSIBILITY.
Official statutory text
The board of a state trust company is responsible for the proper exercise of fiduciary powers by the state trust company and each matter pertinent to the exercise of fiduciary powers, including:
(1) the determination of policies;
(2) the investment and disposition of property held in a fiduciary capacity; and
(3) the direction and review of the actions of each officer, employee, and committee used by the state trust company in the exercise of its fiduciary powers.
(1) the determination of policies;
(2) the investment and disposition of property held in a fiduciary capacity; and
(3) the direction and review of the actions of each officer, employee, and committee used by the state trust company in the exercise of its fiduciary powers.
Status: in_force · Read it on the official government site
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