Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Property Code § 161.025: REDELIVERY OF SECURITY HELD BY NOMINEE.

Where this section sits in the code

PROPERTY CODE
TITLE 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS
SUBTITLE B. FIDUCIARIES
CHAPTER 161. MANAGEMENT AND CONTROL OF SECURITIES
SUBCHAPTER B. CUSTODIAN OF SECURITIES

(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.

Acts 1983, 68th Leg., p. 3717, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Collected 2026-08-27T01:47:37Z. Source file · JSON

Browse this collection