A 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.
Official text of the Texas Property Code as published by the Texas Legislative Council.