Tex. Finance Code § 36.107
FIDUCIARY ACTIVITIES
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 36.107, FIDUCIARY ACTIVITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/645195
- Permanent ID
ys:prov:645195@1- SHA-256
238e789a8c67622b2b1835e3dc9cd5174c1c5aac757d85badaa0ef65ccdc2d38
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) As soon after publication of the notice of dissolution as is practicable, the bank shall:
(1) terminate all fiduciary positions it holds;
(2) surrender all property held by it as a fiduciary; and
(3) settle its fiduciary accounts.
(b) Unless all fiduciary accounts are settled and transferred by the last date specified in published notices or by the banking commissioner and unless the banking commissioner directs otherwise, the bank shall mail a notice to each trustor and beneficiary of any remaining trust, escrow arrangement, or other fiduciary relationship. The notice must state:
(1) the location of an office open during normal business hours where administration of the remaining fiduciary accounts will continue until settled or transferred; and
(2) a telephone number at that office.