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

Tex. Property Code § 161.027: LIABILITY.

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 bank holding a security in the name of a nominee under this subchapter is liable for a loss resulting from the acts of the bank's nominee with respect to the security.

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

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

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