Texas Statutes
§ 423.103 — SECURITIES HELD UNDER CUSTODIAL OR TRUST AGREEMENT.
Texas § 423.103
JurisdictionTexas
Code INInsurance Code
This text of Texas § 423.103 (SECURITIES HELD UNDER CUSTODIAL OR TRUST AGREEMENT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 423.103 (2026).
Text
Sec. 423.103. SECURITIES HELD UNDER CUSTODIAL OR TRUST AGREEMENT. A domestic insurer's securities that are held under a custodial agreement or trust agreement with a bank, Federal Home Loan Bank, or trust company may be issued in the name of a nominee of the bank, Federal Home Loan Bank, or trust company only if the bank, Federal Home Loan Bank, or trust company:
(1)has corporate trust powers;
(2)is authorized to act as a custodian or trustee;
(3)is organized under the laws of the United States or any state of the United States; and
(4)meets one of the following requirements:
(A)is a member of the Federal Reserve System;
(B)is a member of or is eligible to receive deposits that are insured by the Federal Deposit Insurance Corporation;
(C)maintains an account with a Federal Reserve B
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Nearby Sections
15
§ 423.001
APPLICABILITY OF CHAPTER.§ 423.003
RULES.§ 423.004
STATUTORY DEPOSITS WITH DEPARTMENT.§ 423.051
DEPOSIT AND INVESTMENT OF MONEY.§ 423.052
MONEY HELD IN POOLING ACCOUNT.§ 423.101
DEFINITION.§ 423.102
DEPOSIT AND HOLDING OF SECURITIES.§ 423.104
PROOF OF OWNERSHIP OF SECURITIES.§ 423.106
REQUIRED EVIDENCE FOR SECURITIES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 423.103, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/423.103.