Tex. Property Code § 161.021
This is the official text of Tex. Property Code § 161.021, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 161.021. AUTHORITY OF FIDUCIARY.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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