Texas § 275.051 CREATION OF MUTUAL TRUST INVESTMENT COMPANY.

Texas Statutes

§ 275.051 — CREATION OF MUTUAL TRUST INVESTMENT COMPANY.

Texas § 275.051

Code FIFinance Code

This text of Texas § 275.051 (CREATION OF MUTUAL TRUST INVESTMENT COMPANY.) 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. § 275.051 (2026).

Text

Sec. 275.051. CREATION OF MUTUAL TRUST INVESTMENT COMPANY.

(a)One or more fiduciary institutions may incorporate a mutual trust investment company as provided by this chapter to be a medium for the common investment of trust funds held in a fiduciary capacity for fiduciary purposes, by those entities alone or with one or more cofiduciaries.

(b)A mutual trust investment company must be an open-end investment company as defined by, and must be subject to, the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.).

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 275.051. CREATION OF MUTUAL TRUST INVESTMENT COMPANY. (a) One or more fiduciary institutions may incorporate a mutual trust investment company as provided by this chapter to be a medium for the common investment of trust funds held in a fiduciary capacity for fiduciary purposes, by those entities alone or with one or more cofiduciaries.
(b) A mutual trust investment company must be an open-end investment company as defined by, and must be subject to, the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.).