DEFINITIONS
Known as the Texas Mutual Trust Investment Company Act
The act spans §§ 275–275 (15 sections).
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff
In this chapter:
(1) "Fiduciary institution" means a:
(A) state bank with trust powers;
(B) national bank with trust powers; or
(C) trust company.
(2) "Stock" means a unit of participation in the net asset value of one or more of the investment funds of a mutual trust investment company.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.