Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 274.111 - Effective Date of Change in Situs of Administration of Fiduciary Account(a) A change in the situs of administration takes effect on the effective date stated in the notice under Section 274.109 unless, not later than the 16th day before the effective date:(1) each party entitled to receive notice for the fiduciary account provides the subsidiary trust company with a written objection to the change; or(2) a party entitled to receive notice files a written petition in a court seeking to have the change denied under Section 274.112 and provides the subsidiary trust company with a copy of the petition.(b) A change that is objected to under Subsection (a)(1) takes effect when: (1) one of the parties objecting to the change removes the party's objection in writing; or(2) the subsidiary trust company obtains a final court order approving the change.(c) A change that is objected to under Subsection (a)(2) takes effect when:(1) the petition is withdrawn or dismissed; or(2) the court enters a final order denying the relief sought.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.