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Tex. Finance Code § 274.201

DESIGNATION OF AFFILIATED BANK AS FIDUCIARY IN WILL

Texas · Texas Finance Code · Status: effective

Banking, Finance & Insurance
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Tex. Finance Code § 274.201, DESIGNATION OF AFFILIATED BANK AS FIDUCIARY IN WILL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646959
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The prospective designation in a will or other instrument of an affiliated bank of a subsidiary trust company as fiduciary is also considered a designation of the company as fiduciary and confers on the company any discretionary power granted in the instrument unless: (1) the bank and company agree in writing to have the designation of the bank as fiduciary be binding; or (2) the creator of the fiduciary account, by appropriate language in the document creating the account, provides that the account is not eligible for substitution under this chapter.