Tex. Finance Code § 274.116
This is the official text of Tex. Finance Code § 274.116, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 274.116. RESPONSIBILITY FOR SUBSIDIARY TRUST COMPANY.
Official statutory text
The bank holding company that owns a subsidiary trust company shall file with the commissioner an irrevocable undertaking to be fully responsible for the fiduciary acts and omissions of the subsidiary trust company.
Status: in_force · Read it on the official government site
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