Texas § 274.105 FAILURE TO SEND NOTICE OF SUBSTITUTION; DEFECTIVE NOTICE.

Texas Statutes

§ 274.105 — FAILURE TO SEND NOTICE OF SUBSTITUTION; DEFECTIVE NOTICE.

Texas § 274.105

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 274.105 (2026).

Text

Sec. 274.105. FAILURE TO SEND NOTICE OF SUBSTITUTION; DEFECTIVE NOTICE.

(a)If the parties to a substitution agreement under Section 274.101 intentionally fail to send the required notice under Section 274.103 , the substitution of the fiduciary is ineffective.

(b)If the parties unintentionally fail to send the required notice, the substitution of the fiduciary is not impaired.

(c)If a substitution of a fiduciary is ineffective because of a defect in the required notice, any action taken by a subsidiary trust company before the substitution is determined to be ineffective is valid if the action would have been valid if performed by the affiliated bank.

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Sec. 274.105. FAILURE TO SEND NOTICE OF SUBSTITUTION; DEFECTIVE NOTICE. (a) If the parties to a substitution agreement under Section 274.101 intentionally fail to send the required notice under Section 274.103 , the substitution of the fiduciary is ineffective.
(b) If the parties unintentionally fail to send the required notice, the substitution of the fiduciary is not impaired.
(c) If a substitution of a fiduciary is ineffective because of a defect in the required notice, any action taken by a subsidiary trust company before the substitution is determined to be ineffective is valid if the action would have been valid if performed by the affiliated bank.