Sec. 275.052.  INCORPORATORS.  (a)  To incorporate, a mutual trust investment company must have five or more persons subscribe and acknowledge the company's articles of incorporation.
(b)  A person subscribing and acknowledging the articles of incorporation of a mutual trust investment company must be an officer or director of a fiduciary institution causing the mutual trust investment company to be incorporated.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.26(a), eff. Sept. 1, 1999.