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Tex. Property Code § 161.057

LIABILITY

Texas · Texas Property Code · Status: effective

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Tex. Property Code § 161.057, LIABILITY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/565185
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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.