Tex. Prop. Code § 112.121

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

Section 112.121 - Validity Of Trust; Applicability

(a) A trust may be created for a noncharitable purpose without a definite or definitely ascertainable beneficiary. A noncharitable purpose may include seeking economic or noneconomic benefits.

(b) This subchapter does not apply to a trust created under Section 112.037.

Added by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 1121,Sec. 2, eff. 6/18/2023.