(a) To incorporate, a mutual trust investment company must have five or more persons subscribe and acknowledge the company’s articles of incorporation.
(b) A person subscribing and acknowledging the articles of incorporation of a mutual trust investment company must be an officer or director of a fiduciary institution causing the mutual trust investment company to be incorporated.

Terms Used In Texas Finance Code 275.052

  • Fiduciary: A trustee, executor, or administrator.
  • 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
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