Texas § PR.72.1021 - SHARES OF MUTUAL FUND
Full text of Texas The Texas Constitution § PR.72.1021 — SHARES OF MUTUAL FUND, with citation guidance and answers to common questions.
§ PR.72.1021. SHARES OF MUTUAL FUND
SHARES OF MUTUAL FUND; DESIGNATION OF REPRESENTATIVE FOR NOTICE. (a) The owner of shares of a mutual fund may designate the name and a mailing or e-mail address of a representative of the owner only for the purpose of receiving the notice required by Section 74.1011 . The owner is not required to designate a representative under this subsection. (a-1) A holder of shares of a mutual fund shall notify the owner of the shares when the owner makes the initial purchase of shares in the fund that the owner may designate a representative under Subsection (a). (b) The comptroller shall prescribe a form that a holder of shares of a mutual fund may make available to an owner of the shares to designate a representative for notice under this section. (c) A representative for notice designated under this section does not have any rights to the mutual fund shares and may not access the shares. (d) The running of the three-year period of abandonment under Section 72.101 ceases immediately if a representative designated under this section communicates to the holder that the representative knows: (1) the owner's location; and (2) that the owner exists and has not abandoned the shares of the mutual fund. Added by Acts 2015, 84th Leg., R.S., Ch. 925 (H.B. 1454 ), Sec. 1, eff. September 1, 2017. Amended by: Acts 2017, 85th Leg., R.S., Ch. 170 (H.B. 2964 ), Sec. 1, eff. September 1, 2017.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.72.1021
What does The Texas Constitution § PR.72.1021 cover?
Section PR.72.1021 ("SHARES OF MUTUAL FUND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § PR.72.1021?
A common citation format is "The Texas Constitution § PR.72.1021" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § PR.72.1021 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.