Tex. Loc. Gov't Code § 117.120

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 117.120 - Custodianship

A clerk shall act only in a custodial capacity regarding the registry fund, is not considered to be a trustee for the beneficial owner, and is not considered to have assumed the duties, obligations, or liabilities of a trustee for the beneficial owner.

Tex. Loc. Gov't. Code § 117.120

Amended by Acts 1999, 76th Leg., ch. 196, Sec. 3, eff. 8/30/1999.

Added by Acts 1989, 71st Leg., ch. 1, Sec. 17(b), eff. 8/28/1989.