A clerk shall act only in a custodial capacity in relation to a registry fund, a special account, or a separate account. A clerk is not a trustee for the beneficial owner and does not assume the duties, obligations, or liabilities of a trustee for a beneficial owner.
Tex. Loc. Gov't Code § 117.0521
CUSTODIANSHIP
Added by Acts 1997, 75th Leg., ch. 505, Sec. 12, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.