Tex. Finance Code § 274.107
HEARING ON AGREEMENT TO SUBSTITUTE FIDUCIARIES
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 274.107, HEARING ON AGREEMENT TO SUBSTITUTE FIDUCIARIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646948
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Full text
(a) A court may deny the substitution if the court, after notice and hearing, determines:
(1) if the substitution will not cause a change in the situs of administration of a fiduciary account, that the substitution is materially detrimental to the account or to its beneficiaries; or
(2) if the substitution will cause a change in the situs of administration of a fiduciary account, that the substitution is not in the best interests of the account or its beneficiaries.
(b) The court shall allow a substitution that will cause the situs of administration of a fiduciary account to change if the court, after notice and hearing, determines that the substitution is in the best interests of the account and its beneficiaries.
(c) In a proceeding under this section, the court may award costs and reasonable and necessary attorney's fees as the court considers equitable and just.