Tex. Est. Code § 1301.056

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1301.056 - Contents of Order Creating Trust

An order creating a management trust must:

(1) direct any person or entity holding property that belongs to the person for whom the trust is created or to which that person is entitled to deliver all or part of that property to a person or corporate fiduciary appointed as trustee of the trust; and

(2) include terms and limitations placed on the trust.

Tex. Estates § 1301.056

Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 161,Sec. 6.064, eff. 1/1/2014.

Added by Acts 2011, 82nd Leg., R.S., Ch. 823, Sec. 1.02, eff. 1/1/2014.