Section 274.106 - Effective Date of Substitution of Fiduciaries(a) The substitution takes effect on the effective date stated in the substitution agreement unless, not later than the 16th day before the effective date: (1) each party entitled to receive notice of the substitution under Sections 274.103(a) and (c) provides the affiliated bank with a written objection to the substitution; or(2) a party entitled to receive notice of the substitution under Section 274.103 files a written petition in a court seeking to have the substitution denied under Section 274.107 and provides the affiliated bank with a copy of the petition.(b) A substitution that is objected to under Subsection (a)(1) takes effect when:(1) one of the parties objecting to the substitution removes the party's objection in writing; or(2) the bank obtains a final court order approving the substitution.(c) A substitution that is objected to under Subsection (a)(2) takes effect when:(1) the petition is withdrawn or dismissed; or(2) the court enters a final order denying the relief sought. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.