TRANSFER AND ASSIGNMENT
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
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.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.