Sec. 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(1)  the petition is withdrawn or dismissed;  or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. Sept. 1, 1997.