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Texas Finance Code - FIN § 275.201. Purchase by Fiduciary;  Authority and Restrictions

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 275.201. Purchase by Fiduciary;  Authority and Restrictions - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-275-201/

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