{"data":{"id":"us-tx/tex.-property-code-161.027","jurisdiction":"us-tx","citation":"Tex. Property Code § 161.027","heading":"LIABILITY.","body":"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.\nActs 1983, 68th Leg., p. 3717, 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#161.027","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"bd611fcd750a1c9e93fc9e98762e6efb8d9008b4cebf8ad781d000a085dbb17e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-161.026","next":"us-tx/tex.-property-code-161.028"},"notice":"GroundRules: Original legal text. Not legal advice."}