Section 1109.151 | No fiduciary relationship created.
Effective:
January 1, 2018
Latest Legislation:
House Bill 49 - 132nd General Assembly
Unless otherwise expressly agreed to in writing by the bank, the relationship between a bank and its obligor, or a bank and its customer, creates no fiduciary or other relationship between the parties or any special duty on the part of the bank to the customer or any other party.
Available Versions of this Section
- January 1, 2018 – Enacted by House Bill 49 - 132nd General Assembly [ View January 1, 2018 Version ]