Untitled Texas Attorney General Opinion ( 1945 )

OFFICE OF THE ATTORNEY GENERAL OF TEXAS
AUSTIN
GROVER SELLERS
ATTORNEYGENERAL
Nonorsblo c. i'.lookhart, pa@ %
*It shall be unlaaful for any person,
oorporetlon, m-8, psrtnirship, 6s6aol6tian
or WlLwll ln tku.t: l * l 80 u s6 th e term
l l * ‘tr u ss’ l l l in it. n.m. lktlonery
or 66vsrtl*ing. Frorldsd, lmwerar, that
tb ls ertlals sh a ll a o t a p p ly l . * ( 3) o th e r
oorpor6tlOas herstofore or hsraefter or~nizsa
under the 16~6 pi this stst. or bf the United
3tsts.to :.wm
extant thst luoh oorponflorl*
6~ mothorlma under thslr ahsrter or ths
1.6. of thir Mate or the United Ststss to
oonduot suab b,asln666or tomyse suoh term. * l *-
Eonorsble 0. Y. Lookhart, pape 3
"1. .$iusllQ 66 euardlan, ourator, er-
sautor.,administrator, asslmms, paoeiver.,
trdtro by sppolntinent of ony oourt or under
will, or d69061tary or money in oourt, without
glrlnc bond as suoh.
-2. Beoo8n6 sole guarantor or ourety in or
upon mny bond requlrod to be glrsn under the laws
of this Stste, any other statute to the oontrsry
notwlthstandl.qpa
Haw$hs 8p&a~i3'isath'krity aonfsrrsd by thlr artlole
1s not~Xtdtd:%o bsuks Is trae,~it~Snolua~s atat@ benklq
sorparstleam.~ut iQ'likewlse inoludoa any other domestlo oor-
porstlon and any othsr sorporstlon oresnlzed undur the laws
0r sa o th s l
r t*to a90n~wrhsA.a oondltlone. M~6owH, It in-
o lud~6 a my p wso n :.o l*8ooistdoa'
r bt 9eraan..:':89sol.lpavers
are not ~6cn)l.l Mae Cuaotlons;,aor ladsed~srs they es-
6sntlsl ~.~9~Sons~SIL.o.o~1160tloa r$Ch the oorporsto purpose
of other o~por.t&uWP...~Thsf.lr``wre..a6rsordiIibCy powers
oobterr&l ````h~...~laa...~f~.p)r~*~.andaor9vrsbions msn-
tlonod a# ,&% t&o:aqw Q& bol&ant.l.-~por.ra~po8Bo88.d~ by
an ordtii+&sP;IC1~ )oSgor.te purpasi. 2hl.4 bslag true,
then Is ,a?$#ig, #)hor$Cy. go&#. .po~866~r'~:.of``6uoh
extr.ordI&strg.Sd&~.sry powers to us. the word *truatw for
tbe adro~t~&f 'bi Its bus1as.s. To permit it $0 iloso
would be ~81,uUt@ tq al~lrqC the:publlo, ~lbcwwmr,'.ths
po.ee@~ioa df L&p& .: ,..
``***e~dliis~.etat~tor~pewr8 .lrnot
suoh rw'tb .o'utqqtiie~by'*)i$u~thq pII ~$.~,a*b..wrds:.for-
alaash’@* TtraW,’ irilther: iihdalll,tho ohrtqr..4tI .o,.whmrethe
eitoof 9ii%S &Yf.lldtlM"~.t~li&&'.Co be ‘ramediesor pnrsntsd
by the $irohfbltionof Art1016 8, Chapter IX oi th. Bsnklnu
Code.
fdurr vary truly~
OSlZd