Tex. Estates Code § 351.105
This is the official text of Tex. Estates Code § 351.105, part of Texas’s Estates Code — governs wills, probate, and estate administration.
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§ 351.105. HOLDING OF STOCKS, BONDS, AND OTHER PERSONAL PROPERTY IN NOMINEE'S NAME.
Official statutory text
(a) Unless otherwise provided by the will, a personal representative of an estate may cause stocks, bonds, and other personal property of the estate to be registered and held in the name of a nominee without mentioning the fiduciary relationship in any instrument or record constituting or evidencing title to that property. The representative is liable for the acts of the nominee with respect to property registered in this manner. The representative's records must at all times show the ownership of the property.
(b) Any property registered in the manner described by Subsection (a) shall be kept:
(1) in the possession and control of the personal representative at all times; and
(2) separate from the representative's individual property.
(b) Any property registered in the manner described by Subsection (a) shall be kept:
(1) in the possession and control of the personal representative at all times; and
(2) separate from the representative's individual property.
Status: in_force · Read it on the official government site
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