{"data":{"id":"us-tx/tex.-property-code-161.021","jurisdiction":"us-tx","citation":"Tex. Property Code § 161.021","heading":"AUTHORITY OF FIDUCIARY.","body":"A fiduciary who holds a security in a fiduciary capacity may:\n(1) employ a bank incorporated in this state or a national bank located in this state as custodian of the security; and\n(2) whether the fiduciary is an individual or a bank and if any individual who is a cofiduciary with the bank consents, authorize the security to be registered and held in the name of a nominee of the bank without disclosing the fiduciary relationship.\nActs 1983, 68th Leg., p. 3716, ch. 576, Sec. 1, eff. Jan. 1, 1984.","path":["PROPERTY CODE","TITLE 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS","SUBTITLE B. FIDUCIARIES","CHAPTER 161. MANAGEMENT AND CONTROL OF SECURITIES","SUBCHAPTER B. CUSTODIAN OF SECURITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.161.htm#161.021","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"dfb875a951bcac838c72b187b92bb08514fef19293c88671aff5c4e31a3ce8fb","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-161.002","next":"us-tx/tex.-property-code-161.022"},"notice":"GroundRules: Original legal text. Not legal advice."}