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Current as of January 01, 2024 | Updated by Findlaw Staff
A fiduciary who holds a security in a fiduciary capacity may:
(1) employ a bank incorporated in this state or a national bank located in this state as custodian of the security; and
(2) whether the fiduciary is an individual or a bank and if any individual who is a cofiduciary with the bank consents, authorize the security to be registered and held in the name of a nominee of the bank without disclosing the fiduciary relationship.
Cite this article: FindLaw.com - Texas Property Code - PROP § 161.021. Authority of Fiduciary - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-161-021/
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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