Tex. Prop. Code Section 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.
Acts 1983, 68th Leg., p. 3716, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Source: Section 161.021 — Authority of Fiduciary, https://statutes.­capitol.­texas.­gov/Docs/PR/htm/PR.­161.­htm#161.­021 (accessed May 26, 2025).

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Verified:
May 26, 2025

§ 161.021. Auth. of Fiduciary's source at texas​.gov