161.052 – AUTHORITY OF FIDUCIARY. A fiduciary holding a
Texas Property Code § 161.052
Summary
This law allows fiduciaries and custodians to deposit securities with specific institutions, such as the Federal Reserve Bank of Dallas, under certain conditions. It primarily affects fiduciaries managing securities on behalf of others and the institutions that hold these securities.
Fiduciaries can deposit securities with the Federal Reserve Bank of Dallas.
Deposits are allowed if the U.S. guarantees payment.
Clearing corporations can also hold securities for fiduciaries.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's AUTHORITY OF FIDUCIARY. A fiduciary holding a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.