Tex. Finance Code § 275.051
This is the official text of Tex. Finance Code § 275.051, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 275.051. CREATION OF MUTUAL TRUST INVESTMENT COMPANY.
Official statutory text
(a) One or more fiduciary institutions may incorporate a mutual trust investment company as provided by this chapter to be a medium for the common investment of trust funds held in a fiduciary capacity for fiduciary purposes, by those entities alone or with one or more cofiduciaries.
(b) A mutual trust investment company must be an open-end investment company as defined by, and must be subject to, the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.).
(b) A mutual trust investment company must be an open-end investment company as defined by, and must be subject to, the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.).
Status: in_force · Read it on the official government site
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