Sec. 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.
Added by Acts 1989, 71st Leg., ch. 1, Sec. 17(b), eff. Aug. 28, 1989. Amended by Acts 1999, 76th Leg., ch. 196, Sec. 3, eff. Aug. 30, 1999.
Structure Texas Statutes
Chapter 117 - Depositories for Certain Trust Funds and Court Registry Funds
Section 117.111. Subchapter Applicable to County With Population of 1
Section 117.112. Money Affected
Section 117.113. Depository Contract
Section 117.116. Selection of Depository
Section 117.117. Qualification as Depository
Section 117.118. Application of County Depository Law
Section 117.119. Deposit of Funds
Section 117.120. Custodianship
Section 117.121. Disbursement of Funds