RESPONSIBILITY FOR SUBSIDIARY TRUST COMPANY.

Tex. FIN Code § 274.116.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The bank holding company that owns a subsidiary trust company shall file with the commissioner an irrevocable undertaking to be fully responsible for the fiduciary acts and omissions of the subsidiary trust company. SUBCHAPTER C. BANKS AFFILIATED WITH SUBSIDIARY TRUST COMPANIES
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

Starting a business in Texas? Texas LLC guide: costs and requirements