Tex. Prop. Code § 161.021 · Subchapter B. CUSTODIAN OF SECURITIES
AUTHORITY OF FIDUCIARY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A fiduciary who holds a security in a fiduciary capacity may:
(1) employ a bank incorporated in this state or a national bank located in this state as custodian of the security; and
(2) whether the fiduciary is an individual or a bank and if any individual who is a cofiduciary with the bank consents, authorize the security to be registered and held in the name of a nominee of the bank without disclosing the fiduciary relationship.
Notes and commentary — not statutory text
History
Acts 1983, 68th Leg., p. 3716, ch. 576, Sec. 1, 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.161.htm
- Text hash
- sha256 4869f515bbaf2c24c15190f7a96dd4a57c3a4ea9d9756962714b812548da9da7
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Prop. Code § 161.021. Each shows the citation as that text prints it.
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.