A bank holding a security in the name of a nominee under this subchapter may make any disposition of the security that is authorized or ordered by a court having jurisdiction of the estate or trust.
Tex. Prop. Code § 161.026
DISPOSITION OF SECURITY HELD BY NOMINEE
Acts 1983, 68th Leg., p. 3717, ch. 576, Sec. 1, 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.