CORPORATE STOCK OR OTHER SECURITIES HELD IN NAME OF NOMINEE.
Tex. PROP Code § 113.017.
in effectA trustee may:
(1) hold corporate stock or other securities in the name of a nominee;
(2) under Subchapter B , Chapter 161 , or other law, employ a bank incorporated in this state or a national bank located in this state as custodian of any corporate stock or other securities held in trust; and
(3) under Subchapter C , Chapter 161 , or other law, deposit or arrange for the deposit of securities with a Federal Reserve Bank or in a clearing corporation.
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.