Texas Government Code 2270.0004 – Inapplicability of Certain Requirements Inconsistent With Fiduciary Responsibilities and Related Duties
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Terms Used In Texas Government Code 2270.0004
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.
An investing entity described by § 2270.0001(7)(B) or (C) is not subject to a requirement of this chapter if the entity determines that the requirement would be inconsistent with the entity’s fiduciary responsibility with respect to the investment of entity assets or other duties imposed by law relating to the investment of entity assets, including the duty of care established under § 67, Article XVI, Texas Constitution.