Sec. 505.006. CRIMINAL PENALTY; EFFECT OF CONVICTION

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(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. January 1, 2014.

                    
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