Tex. Prop. Code § 113.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 113.003 - Options

A trustee may:

(1) grant an option involving a sale, lease, or other disposition of trust property, including an option exercisable beyond the duration of the trust; or
(2) acquire and exercise an option for the acquisition of property, including an option exercisable beyond the duration of the trust.

Tex. Prop. Code § 113.003

Added by Acts 2005, 79th Leg., Ch. 148, Sec. 10, eff. 1/1/2006.