Tex. Prop. Code § 161.027 · Subchapter B. CUSTODIAN OF SECURITIES
LIABILITY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A bank holding a security in the name of a nominee under this subchapter is liable for a loss resulting from the acts of the bank's nominee with respect to the security.
Notes and commentary — not statutory text
History
Acts 1983, 68th Leg., p. 3717, 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 cc06f70001e26fe90d515eb725af40dc68ef9a16a388cdd1cc90032fbe956b62
- 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.