Texas § 186.107 FIDUCIARY ACTIVITIES.

Texas Statutes

§ 186.107 — FIDUCIARY ACTIVITIES.

Texas § 186.107

Code FIFinance Code

This text of Texas § 186.107 (FIDUCIARY ACTIVITIES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 186.107 (2026).

Text

Sec. 186.107. FIDUCIARY ACTIVITIES.

(a)As soon as practicable after publication of the notice of dissolution, the state trust company shall:

(1)terminate all fiduciary positions it holds;

(2)surrender all property held by it as a fiduciary; and

(3)settle its fiduciary accounts.

(b)Unless all fiduciary accounts are settled and transferred by the last date specified in published notices or by the banking commissioner and unless the banking commissioner directs otherwise, the state trust company shall mail a notice to each trustor and beneficiary of any remaining trust, escrow arrangement, or other fiduciary relationship. The notice must state:

(1)the location of an office open during normal business hours where administration of the remaining fiduciary accounts will continue until sett

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Sec. 186.107. FIDUCIARY ACTIVITIES. (a) As soon as practicable after publication of the notice of dissolution, the state trust company shall:
(1) terminate all fiduciary positions it holds;
(2) surrender all property held by it as a fiduciary; and
(3) settle its fiduciary accounts.
(b) Unless all fiduciary accounts are settled and transferred by the last date specified in published notices or by the banking commissioner and unless the banking commissioner directs otherwise, the state trust company shall mail a notice to each trustor and beneficiary of any remaining trust, escrow arrangement, or other fiduciary relationship. The notice must state:
(1) the location of an office open during normal business hours where administration of the remaining fiduciary accounts will continue until settled or transferred; and
(2) a telephone number at that office.