Texas Property Code 161.026 – Disposition of Security Held by Nominee
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Property Code 161.026
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
A bank holding a security in the name of a nominee under this subchapter may make any disposition of the security that is authorized or ordered by a court having jurisdiction of the estate or trust.