Texas Property Code - Section 161.058. Certification
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Texas Laws > Property Code > Texas Property Code - Section 161.058. Certification
§ 161.058. CERTIFICATION. (a) On the demand of a
fiduciary for whom a bank, trust company, or private banker is
acting as custodian, the bank, trust company, or private banker
shall identify in a written certification the securities deposited
by the bank, trust company, or private banker with the federal
reserve bank or in the clearing corporation for the account of the
fiduciary.
(b) On the demand of a party, or the attorney of a party, to
an accounting by a fiduciary or by a bank, trust company, or private
banker that is acting as a fiduciary, a custodian, a custodian for a
fiduciary, or a managing agent, the fiduciary, bank, trust company,
or private banker shall identify in a written certification to the
party the securities deposited by the fiduciary, bank, trust
company, or private banker with the federal reserve bank or the
clearing corporation.
Acts 1983, 68th Leg., p. 3719, ch. 576, § 1, eff. Jan. 1, 1984.
Section: 161.051 161.052 161.053 161.054 161.055 161.056 161.057 161.058 162.001 162.002 162.003 162.004 162.005 162.006 162.007
Last modified: August 11, 2007
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