Tex. Prop. Code § 113.017

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

Section 113.017 - Corporate Stock or Other Securities Held in Name of Nominee

A trustee may:

(1) hold corporate stock or other securities in the name of a nominee;

(2) under Subchapter B, Chapter 161, or other law, employ a bank incorporated in this state or a national bank located in this state as custodian of any corporate stock or other securities held in trust; and

(3) under Subchapter C, Chapter 161, or other law, deposit or arrange for the deposit of securities with a Federal Reserve Bank or in a clearing corporation.

Tex. Prop. Code § 113.017

Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. 1/1/1984.