Texas Finance Code 274.001 – Definitions
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Terms Used In Texas Finance Code 274.001
- Fiduciary: A trustee, executor, or administrator.
In this chapter:
(1) “Bank” has the meaning assigned by Section 31.002(a)(2), excluding a bank that does not have its main office or a branch located in this state.
(2) “Bank holding company” has the meaning assigned by Section 2(a), Bank Holding Company Act of 1956 (12 U.S.C. § 1841(a)), as amended.
(3) “Commissioner” means the banking commissioner of Texas.
(4) “Fiduciary” means an entity responsible for managing a fiduciary account.
(5) “Fiduciary account” means an account with a situs of administration in this state involving the exercise of a corporate purpose specified by Section 182.001(b).