Sec. 404.107. FEES. (a) Any fees or assessments imposed by state law for the incorporation, regulation, or operation of trust companies do not apply to the Texas Treasury Safekeeping Trust Company.
(b) A participant that has money or securities on deposit with the trust company shall pay the fees provided in the trust company's fee schedule developed under Section 404.103(f). The trust company may:
(1) deduct a fee from the principal or earning of a participant on deposit with the trust company; or
(2) require a participant to pay a fee from an amount not on deposit with the trust company.
Acts 1987, 70th Leg., ch. 147, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 2001, 77th Leg., ch. 1158, Sec. 26, eff. June 15, 2001; Acts 2003, 78th Leg., ch. 1310, Sec. 27, eff. June 20, 2003.
Structure Texas Statutes
Subtitle A - Executive Officers
Chapter 404 - State Treasury Operations of Comptroller
Subchapter G. Texas Treasury Safekeeping Trust Company
Section 404.102. Creation of Trust Company
Section 404.104. Duties of Comptroller
Section 404.105. Capital or Reserve
Section 404.106. Earnings; Authorized Investments
Section 404.108. Trust Company Investment Advisory Board
Section 404.109. Restrictions on Advisory Board Appointment, Membership, and Employment
Section 404.110. Removal of Advisory Board Members
Section 404.111. Advisory Board Member Training
Section 404.112. Compensation; Expenses
Section 404.114. Investment Management
Section 404.116. Liability Insurance for Certain Board Members, Officials, and Staff