{"data":{"id":"us-tx/tex.-property-code-161.057","jurisdiction":"us-tx","citation":"Tex. Property Code § 161.057","heading":"LIABILITY.","body":"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.\nActs 1983, 68th Leg., p. 3719, 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 C. DEPOSIT OF SECURITY WITH FEDERAL RESERVE BANK OR CLEARING CORPORATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.161.htm#161.057","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"d4ad821d0ab69c63a4ed5d3ea708963f38e35c69200e64f398d51e13ab348cff","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-161.056","next":"us-tx/tex.-property-code-161.058"},"notice":"GroundRules: Original legal text. Not legal advice."}