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

Tex. Property Code § 161.057: 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 C. DEPOSIT OF SECURITY WITH FEDERAL RESERVE BANK OR CLEARING CORPORATION

A fiduciary who deposits securities in a clearing corporation is liable to the beneficial owner of the securities for a loss resulting from the acts or omissions of the clearing corporation. This subchapter does not affect a liability between the fiduciary and the clearing corporation.

Acts 1983, 68th Leg., p. 3719, ch. 576, Sec. 1, eff. Jan. 1, 1984.

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

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