A clerk shall act only in a custodial capacity regarding the registry fund, is not considered to be a trustee for the beneficial owner, and is not considered to have assumed the duties, obligations, or liabilities of a trustee for the beneficial owner.
Tex. Loc. Gov't Code § 117.120
CUSTODIANSHIP
Added by Acts 1989, 71st Leg., ch. 1, Sec. 17(b), 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.