Texas § 274.201 DESIGNATION OF AFFILIATED BANK AS FIDUCIARY IN WILL.

Texas Statutes

§ 274.201 — DESIGNATION OF AFFILIATED BANK AS FIDUCIARY IN WILL.

Texas § 274.201

Code FIFinance Code

This text of Texas § 274.201 (DESIGNATION OF AFFILIATED BANK AS FIDUCIARY IN WILL.) 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. § 274.201 (2026).

Text

Sec. 274.201. DESIGNATION OF AFFILIATED BANK AS FIDUCIARY IN WILL. The prospective designation in a will or other instrument of an affiliated bank of a subsidiary trust company as fiduciary is also considered a designation of the company as fiduciary and confers on the company any discretionary power granted in the instrument unless:

(1)the bank and company agree in writing to have the designation of the bank as fiduciary be binding; or

(2)the creator of the fiduciary account, by appropriate language in the document creating the account, provides that the account is not eligible for substitution under this chapter.

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Sec. 274.201. DESIGNATION OF AFFILIATED BANK AS FIDUCIARY IN WILL. The prospective designation in a will or other instrument of an affiliated bank of a subsidiary trust company as fiduciary is also considered a designation of the company as fiduciary and confers on the company any discretionary power granted in the instrument unless:
(1) the bank and company agree in writing to have the designation of the bank as fiduciary be binding; or
(2) the creator of the fiduciary account, by appropriate language in the document creating the account, provides that the account is not eligible for substitution under this chapter.