Texas § 275.102 AUDITS AND REPORTS.

Texas Statutes

§ 275.102 — AUDITS AND REPORTS.

Texas § 275.102

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 275.102 (2026).

Text

Sec. 275.102. AUDITS AND REPORTS.

(a)At least once each year, a mutual trust investment company shall cause an adequate audit to be made of the company by auditors responsible only to the board of directors of the company.

(b)A mutual trust investment company shall furnish annually a copy of the company's audited financial statement to each corporate fiduciary owning stock in the company.

(c)The mutual trust investment company shall pay the:

(1)reasonable expenses of an audit required by this section made by an independent public accountant or certified public accountant; and

(2)costs of preparing and distributing a report required by this section. SUBCHAPTER D. MUTUAL TRUST INVESTMENT COMPANY STOCK

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Sec. 275.102. AUDITS AND REPORTS. (a) At least once each year, a mutual trust investment company shall cause an adequate audit to be made of the company by auditors responsible only to the board of directors of the company.
(b) A mutual trust investment company shall furnish annually a copy of the company's audited financial statement to each corporate fiduciary owning stock in the company.
(c) The mutual trust investment company shall pay the:
(1) reasonable expenses of an audit required by this section made by an independent public accountant or certified public accountant; and
(2) costs of preparing and distributing a report required by this section.
SUBCHAPTER D. MUTUAL TRUST INVESTMENT COMPANY STOCK