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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Texas Property Code - PROP § 113.017. Corporate Stock or Other Securities Held in Name of Nominee - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-113-017/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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