Texas Finance Code 274.104 – Form of Notice of Substitution
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Terms Used In Texas Finance Code 274.104
- Fiduciary: A trustee, executor, or administrator.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
The notice required under Section 274.103 must be in writing and disclose:
(1) the effect the substitution of fiduciary will have on the situs of administration of the fiduciary account;
(2) the person‘s rights with respect to objecting to the substitution; and
(3) the liability of the existing fiduciary and the substitute fiduciary for their actions.