Texas § FI.183.106 - OFFICERS
Full text of Texas The Texas Constitution § FI.183.106 — OFFICERS, with citation guidance and answers to common questions.
§ FI.183.106. OFFICERS
OFFICERS. (a) The board shall annually appoint the officers of the state trust company, who serve at the will of the board. Unless the banking commissioner consents otherwise in writing, a person may not serve as an officer of a state trust company if: (1) the person is the subject of an order described by Section 185.007 (a); (2) the person has been convicted of a felony; or (3) the person has violated, with respect to a trust under which the state trust company has fiduciary responsibility, Section 113.052 or 113.053 (a), Property Code, relating to loan of trust funds and purchase or sale of trust property by the trustee, and the violation has not been corrected. (b) The state trust company must have a principal executive officer primarily responsible for the execution of board policies and operation of the state trust company and an officer responsible for the maintenance and storage of all corporate books and records of the state trust company and for required attestation of signatures. Those positions may not be held by the same person. (c) The board may appoint other officers of the state trust company as the board considers necessary. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999. Amended by: Acts 2017, 85th Leg., R.S., Ch. 599 (S.B. 1401 ), Sec. 14, eff. September 1, 2017.
Frequently Asked Questions About Texas § FI.183.106
What does The Texas Constitution § FI.183.106 cover?
Section FI.183.106 ("OFFICERS") 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 § FI.183.106?
A common citation format is "The Texas Constitution § FI.183.106" (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 § FI.183.106 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.