Texas Finance Code 274.116 – Responsibility for Subsidiary Trust Company
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 274.116
- Fiduciary: A trustee, executor, or administrator.
The bank holding company that owns a subsidiary trust company shall file with the commissioner an irrevocable undertaking to be fully responsible for the fiduciary acts and omissions of the subsidiary trust company.