Texas Finance Code 275.153 – Transfer and Assignment
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Terms Used In Texas Finance Code 275.153
- Fiduciary: A trustee, executor, or administrator.
The stock of a mutual trust investment company may not be transferred except to:
(1) the mutual trust investment company; or
(2) a fiduciary or cofiduciary that becomes successor to a stockholder and that is a bank or trust company qualified to hold the stock under this chapter.