Tex. Prop. Code § 113.015

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 113.015 - Authority to Borrow

A trustee may borrow money from any source, including a trustee, purchase property on credit, and mortgage, pledge, or in any other manner encumber all or any part of the assets of the trust as is advisable in the judgment of the trustee for the advantageous administration of the trust.

Tex. Prop. Code § 113.015

Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. 1/1/1984.