Tex. Property Code § 161.025
This is the official text of Tex. Property Code § 161.025, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 161.025. REDELIVERY OF SECURITY HELD BY NOMINEE.
Official statutory text
(a) A bank holding a security in the name of a nominee of the bank under this subchapter may not redeliver the security to the individual fiduciary who authorized its registration in the name of the nominee without registering the security in the name of the individual fiduciary, as fiduciary.
(b) A sale of the security by the bank at the direction of the individual fiduciary is not a redelivery.
(b) A sale of the security by the bank at the direction of the individual fiduciary is not a redelivery.
Status: in_force · Read it on the official government site
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