Tex. Prop. Code Section 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.
Acts 1983, 68th Leg., p. 3719, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Source: Section 161.057 — Liability, https://statutes.­capitol.­texas.­gov/Docs/PR/htm/PR.­161.­htm#161.­057 (accessed May 26, 2025).

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§ 161.057. Liab.'s source at texas​.gov