Texas § 161.025 REDELIVERY OF SECURITY HELD BY NOMINEE.

Texas Statutes

§ 161.025 — REDELIVERY OF SECURITY HELD BY NOMINEE.

Texas § 161.025

Code PRProperty Code

This text of Texas § 161.025 (REDELIVERY OF SECURITY HELD BY NOMINEE.) 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. § 161.025 (2026).

Text

Sec. 161.025. REDELIVERY OF SECURITY HELD BY NOMINEE.

(a)A bank holding a security in the name of a nominee of the bank under this subchapter may not redeliver the security to the individual fiduciary who authorized its registration in the name of the nominee without registering the security in the name of the individual fiduciary, as fiduciary.

(b)A sale of the security by the bank at the direction of the individual fiduciary is not a redelivery.

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Sec. 161.025. REDELIVERY OF SECURITY HELD BY NOMINEE. (a) A bank holding a security in the name of a nominee of the bank under this subchapter may not redeliver the security to the individual fiduciary who authorized its registration in the name of the nominee without registering the security in the name of the individual fiduciary, as fiduciary.
(b) A sale of the security by the bank at the direction of the individual fiduciary is not a redelivery.