Tex. Prop. Code § 161.057
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Prop. Code § 161.057