Texas § GV.2116.019 - DEPOSITORY ACCOUNT HELD IN TRUST

Full text of Texas The Texas Constitution § GV.2116.019 — DEPOSITORY ACCOUNT HELD IN TRUST, with citation guidance and answers to common questions.

§ GV.2116.019. DEPOSITORY ACCOUNT HELD IN TRUST

DEPOSITORY ACCOUNT HELD IN TRUST; UNDISCLOSED TRUST INSTRUMENT. (a) If the depository opens a depository account for a person claiming to be the trustee for another person and the depository has no other notice of the existence or terms of the trust other than a written claim against the account: (1) the person claiming to be the trustee, on the person's signature, may withdraw precious metals from the account; and (2) if the person claiming to be the trustee dies, the depository may pay or deliver the quantity of precious metals represented by the balance in the account to the person for whom the account was opened. (b) The depository has no further liability for a payment or delivery made as provided by Subsection (a). Added by Acts 2015, 84th Leg., R.S., Ch. 1000 (H.B. 483 ), Sec. 1, eff. June 19, 2015.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.2116.019

What does The Texas Constitution § GV.2116.019 cover?

Section GV.2116.019 ("DEPOSITORY ACCOUNT HELD IN TRUST") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § GV.2116.019?

A common citation format is "The Texas Constitution § GV.2116.019" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § GV.2116.019 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.