Texas § FI.275.102 - AUDITS AND REPORTS

Full text of Texas The Texas Constitution § FI.275.102 — AUDITS AND REPORTS, with citation guidance and answers to common questions.

§ FI.275.102. AUDITS AND REPORTS

AUDITS AND REPORTS. (a) At least once each year, a mutual trust investment company shall cause an adequate audit to be made of the company by auditors responsible only to the board of directors of the company. (b) A mutual trust investment company shall furnish annually a copy of the company's audited financial statement to each corporate fiduciary owning stock in the company. (c) The mutual trust investment company shall pay the: (1) reasonable expenses of an audit required by this section made by an independent public accountant or certified public accountant; and (2) costs of preparing and distributing a report required by this section. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999. SUBCHAPTER D. MUTUAL TRUST INVESTMENT COMPANY STOCK

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Frequently Asked Questions About Texas § FI.275.102

What does The Texas Constitution § FI.275.102 cover?

Section FI.275.102 ("AUDITS AND REPORTS") 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.275.102?

A common citation format is "The Texas Constitution § FI.275.102" (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.275.102 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.