Sec. 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.
Structure Texas Statutes
Chapter 117 - Depositories for Certain Trust Funds and Court Registry Funds
Subchapter C. Depository Accounts
Section 117.052. Deposits of Registry Funds by County and District Clerks
Section 117.0521. Custodianship
Section 117.053. Withdrawal of Funds
Section 117.054. County Expenses Paid From Interest
Section 117.055. County Expenses Paid From Fees