Tex. Prop. Code § 113.017 · Subchapter A. POWERS OF TRUSTEE
CORPORATE STOCK OR OTHER SECURITIES HELD IN NAME OF NOMINEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A trustee may:
(1) hold corporate stock or other securities in the name of a nominee;
(2) under Subchapter B, Chapter 161, or other law, employ a bank incorporated in this state or a national bank located in this state as custodian of any corporate stock or other securities held in trust; and
(3) under Subchapter C, Chapter 161, or other law, deposit or arrange for the deposit of securities with a Federal Reserve Bank or in a clearing corporation.
Notes and commentary — not statutory text
History
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.113.htm
- Text hash
- sha256 f40496d8751e10e2eea781bca7abc7d11264c18e2c34c472ba9dce6ddacbc5ff
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.