Section 113.052 - Loan of Trust Funds to Trustee(a) Except as provided by Subsection (b) of this section, a trustee may not lend trust funds to:(1) the trustee or an affiliate;(2) a director, officer, or employee of the trustee or an affiliate;(3) a relative of the trustee; or(4) the trustee's employer, employee, partner, or other business associate.(b) This section does not prohibit:(1) a loan by a trustee to a beneficiary of the trust if the loan is expressly authorized or directed by the instrument or transaction establishing the trust; or(2) a deposit by a corporate trustee with itself under Section 113.057 of this Act.Tex. Prop. Code § 113.052
Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. 1/1/1984.