A mutual trust investment company may acquire its own stock and shall bind itself, by contract or its bylaws, to acquire its own stock, but may not vote on shares of its own stock.
Tex. Fin. Code § 275.154
OWNERSHIP BY MUTUAL TRUST INVESTMENT COMPANY
Known as the Texas Mutual Trust Investment Company Act
The act spans §§ 275.001 to 275.202 (15 sections).
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.