Tex. Local Gov't Code Section 117.0521
Custodianship


A clerk shall act only in a custodial capacity in relation to a registry fund, a special account, or a separate account. A clerk is not a trustee for the beneficial owner and does not assume the duties, obligations, or liabilities of a trustee for a beneficial owner.
Added by Acts 1997, 75th Leg., ch. 505, Sec. 12, eff. Sept. 1, 1997.

Source: Section 117.0521 — Custodianship, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­117.­htm#117.­0521 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 117.0521’s source at texas​.gov