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Tex. Prop. Code § 161.021

AUTHORITY OF FIDUCIARY

Acts 1983, 68th Leg., p. 3716, ch. 576, Sec. 1, eff

A fiduciary who holds a security in a fiduciary capacity may:

(1) employ a bank incorporated in this state or a national bank located in this state as custodian of the security; and

(2) whether the fiduciary is an individual or a bank and if any individual who is a cofiduciary with the bank consents, authorize the security to be registered and held in the name of a nominee of the bank without disclosing the fiduciary relationship.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.