A bank holding a security in the name of a nominee under this subchapter is liable for a loss resulting from the acts of the bank's nominee with respect to the security.
Tex. Prop. Code § 161.027
LIABILITY
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.