Tex. Fin. Code § 275.201
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A fiduciary institution, alone or with one or more cofiduciaries, acting as a fiduciary for fiduciary purposes with the consent of any cofiduciaries, may invest and reinvest funds held in a fiduciary capacity, exercising the care of a prudent investor, in the shares of stock of a mutual trust investment company unless a will, trust indenture, or other instrument under which the fiduciary is acting prohibits that investment.
Tex. Fin. Code § 275.201