Tex. Loc. Gov't Code § 117.0521

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 117.0521 - Custodianship

A clerk shall act only in a custodial capacity in relation to a registry fund, a special account, or a separate account. A clerk is not a trustee for the beneficial owner and does not assume the duties, obligations, or liabilities of a trustee for a beneficial owner.

Tex. Loc. Gov't. Code § 117.0521

Added by Acts 1997, 75th Leg., ch. 505, Sec. 12, eff. 9/1/1997.