Texas Statutes
§ 161.057 — LIABILITY.
Texas § 161.057
JurisdictionTexas
Code PRProperty Code
This text of Texas § 161.057 (LIABILITY.) 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. § 161.057 (2026).
Text
Sec. 161.057. LIABILITY. A fiduciary who deposits securities in a clearing corporation is liable to the beneficial owner of the securities for a loss resulting from the acts or omissions of the clearing corporation. This subchapter does not affect a liability between the fiduciary and the clearing corporation.
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Legislative History
Acts 1983, 68th Leg., p. 3719, ch. 576, Sec. 1, eff. Jan. 1, 1984.
Nearby Sections
15
§ 161.001
DEFINITIONS.§ 161.021
AUTHORITY OF FIDUCIARY.§ 161.022
SEPARATE ASSETS.§ 161.023
EXPENSE OF CUSTODIANSHIP.§ 161.024
RECORDS.§ 161.027
LIABILITY.§ 161.028
CERTIFICATION.§ 161.051
APPLICATION.§ 161.052
AUTHORITY OF FIDUCIARY.§ 161.053
BULK HOLDINGS.§ 161.054
RECORDS.§ 161.055
REGULATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 161.057, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/PR/161.057.