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Tex. Property Code § 161.021

AUTHORITY OF FIDUCIARY

Texas · Texas Property Code · Status: effective

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Tex. Property Code § 161.021, AUTHORITY OF FIDUCIARY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/565170
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A fiduciary who holds a security in a fiduciary capacity may: (1) employ a bank incorporated in this state or a national bank located in this state as custodian of the security; and (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.