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SB 661, 63rd Regular Session
Amending the Texas Trust Act to permit a corporation, which shall include a national banking association and a state chartered bank, serving as trustee, executor, administrator, or guardian to sell without prior court approval shares of the capital stock of itself so owned or held by itself for any estate to any one or more of its stockholders, who are not at the time of said sale and purchase serving either as an officer or director of said corporation.

Last action: Signed by Governor

Author: Max Sherman
Sponsor: Bill Clayton

Session Law Chapter:
Acts 1973, 63rd R.S.,ch. 210, General and Special Laws of Texas

Companion:

HB 1144 (Identical)

Subjects:
Financial--Banks
TRUSTS

House Committee: Judiciary ()
Minutes: May 8 1973
Senate Committee: Jurisprudence ()

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