A bank or trust company that is a member of an affiliated group under Section 1504, Internal Revenue Code of 1954 (26 U.S.C. 1504), with a bank or trust company maintaining common trust funds may participate in one or more of the funds.
Tex. Prop. Code § 113.172
AFFILIATED INSTITUTIONS
Known as the Texas Trust Code
The act spans §§ 111–116 (165 sections).
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, 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.