Tex. Prop. Code Section 161.027
Liability

A bank holding a security in the name of a nominee under this subchapter is liable for a loss resulting from the acts of the bank’s nominee with respect to the security.

Acts 1983, 68th Leg., p. 3717, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Source: Section 161.027 — Liability, https://statutes.capitol.texas.gov/Docs/PR/htm/PR.161.htm#161.027 (accessed May 26, 2025).

161.001
Definitions 161.002
Decree or Governing Instrument Controls 161.021
Authority of Fiduciary 161.022
Separate Assets 161.023
Expense of Custodianship 161.024
Records 161.025
Redelivery of Security Held by Nominee 161.026
Disposition of Security Held by Nominee 161.027
Liability 161.028
Certification 161.051
Application 161.052
Authority of Fiduciary 161.053
Bulk Holdings 161.054
Records 161.055
Regulation 161.056
Book Transfers 161.057
Liability 161.058
Certification

Up to date

Verified:
May 26, 2025

§ 161.027. Liab.'s source at texas.gov

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Location: https://texas.public.law/statutes/tex._prop._code_section_161.027

Original Source: Section 161.027 — Liability, https://statutes.capitol.texas.gov/Docs/PR/htm/PR.161.htm#161.027 (last accessed May 10, 2025).

Tex. Prop. Code Section 161.027 Liability

Tex. Prop. Code Section 161.027
Liability