Tex. Prop. Code § 161.021

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 161.021 - Authority of Fiduciary

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.

Tex. Prop. Code § 161.021

Acts 1983, 68th Leg., p. 3716, ch. 576, Sec. 1, eff. 1/1/1984.