Sec. 161.057.  LIABILITY.  A fiduciary who deposits securities in a clearing corporation is liable to the beneficial owner of the securities for a loss resulting from the acts or omissions of the clearing corporation.  This subchapter does not affect a liability between the fiduciary and the clearing corporation.
Acts 1983, 68th Leg., p. 3719, ch. 576, Sec. 1, eff. Jan. 1, 1984.