113.172 – AFFILIATED INSTITUTIONS. A bank or trust company
Texas Property Code § 113.172
Summary
This law allows banks or trust companies that are part of an affiliated group to participate in common trust funds. It specifically applies to those institutions defined under the Internal Revenue Code, facilitating collaboration among affiliated financial entities.
Applies to banks or trust companies in affiliated groups.
Allows participation in common trust funds.
Based on definitions from the Internal Revenue Code.
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In simple terms: Learn about Texas's AFFILIATED INSTITUTIONS. A bank or trust company law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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