Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 505.006 - Criminal Penalty; Effect of Conviction(a) A foreign corporate fiduciary commits an offense if the fiduciary violates this subchapter.(b) An offense under this section is a misdemeanor punishable by a fine not to exceed $5,000.(c) On conviction, the court may prohibit a foreign corporate fiduciary convicted of an offense under this section from thereafter serving in any fiduciary capacity in this state.Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. 1/1/2014.