Tex. Est. Code § 351.105 · Subchapter C. POSSESSION AND CARE OF ESTATE PROPERTY
HOLDING OF STOCKS, BONDS, AND OTHER PERSONAL PROPERTY IN NOMINEE'S NAME.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Unless otherwise provided by the will, a personal representative of an estate may cause stocks, bonds, and other personal property of the estate to be registered and held in the name of a nominee without mentioning the fiduciary relationship in any instrument or record constituting or evidencing title to that property. The representative is liable for the acts of the nominee with respect to property registered in this manner. The representative's records must at all times show the ownership of the property.
(b) Any property registered in the manner described by Subsection (a) shall be kept:
(1) in the possession and control of the personal representative at all times; and
(2) separate from the representative's individual property.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.351.htm
- Text hash
- sha256 4fa694a194ed3761dbabbab7cd74d8095267d8c015f0c9e9d0f3f4f404e3b29a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.