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

Tex. Property Code § 161.053: BULK HOLDINGS.

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 C. DEPOSIT OF SECURITY WITH FEDERAL RESERVE BANK OR CLEARING CORPORATION

A clearing corporation may merge and hold in bulk certificates representing the same class of securities of the same issuer that are deposited with it under this subchapter, together with any other securities deposited with the clearing corporation by any person in the name of the nominee of the clearing corporation, regardless of the ownership of the securities. Certificates of small denomination may be merged into one or more certificates of larger denomination.

Acts 1983, 68th Leg., p. 3718, ch. 576, Sec. 1, eff. Jan. 1, 1984.

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

Browse this collection