Tex. Loc. Gov't Code § 117.0521 · Subchapter C. DEPOSITORY ACCOUNTS
CUSTODIANSHIP.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A clerk shall act only in a custodial capacity in relation to a registry fund, a special account, or a separate account. A clerk is not a trustee for the beneficial owner and does not assume the duties, obligations, or liabilities of a trustee for a beneficial owner.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 505, Sec. 12, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.117.htm
- Text hash
- sha256 0b036b53fe2e06e2215c61fc19992248940b87464058c5654f8acedc4d97b731
- 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.