SB 82, 59th R.S.
Relating to amending the Texas Trust Act by providing that a corporate trustee, executor, administrator or guardian, when authorized by will, trust agreement, other trust instrument, or judicial order, to retain its own capital stock in trust may, when the exercise of rights or the receipt of a stock in trust may, when the exercise of rights or the receipt of a stock dividend results in a fractional share holding, purchase an additional fractional share (or shares) to round out the fractional share so acquired into one full share.
Author: Charles Herring
Session Law Chapter:
Acts 1965, 59th R.S.,ch. 284, General and Special Laws of Texas
Subjects:
Financial--General
TRUSTS
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