Texas § 161.021 AUTHORITY OF FIDUCIARY.

Texas Statutes

§ 161.021 — AUTHORITY OF FIDUCIARY.

Texas § 161.021

Code PRProperty Code

This text of Texas § 161.021 (AUTHORITY OF FIDUCIARY.) 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. Property Code Code Ann. § 161.021 (2026).

Text

Sec. 161.021. AUTHORITY OF FIDUCIARY. 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.

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Sec. 161.021. AUTHORITY OF FIDUCIARY. 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.