Tex. Finance Code § 275.201
This is the official text of Tex. Finance Code § 275.201, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 275.201. PURCHASE BY FIDUCIARY; AUTHORITY AND RESTRICTIONS.
Official statutory text
A fiduciary institution, alone or with one or more cofiduciaries, acting as a fiduciary for fiduciary purposes with the consent of any cofiduciaries, may invest and reinvest funds held in a fiduciary capacity, exercising the care of a prudent investor, in the shares of stock of a mutual trust investment company unless a will, trust indenture, or other instrument under which the fiduciary is acting prohibits that investment.
Status: in_force · Read it on the official government site
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