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 Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 161.027’s source at texas​.gov