Tex. Prop. Code § 121.053

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

Section 121.053 - Validity of Trust Declaration

The validity of a trust agreement or declaration is not affected by:

(1) the absence of a corpus other than the right of the trustee to receive a death benefit as beneficiary;

(2) the employee's reservation of the right to designate another beneficiary of the death benefit; or

(3) the existence of authority to amend, modify, revoke, or terminate the agreement or declaration.

Tex. Prop. Code § 121.053

Acts 1983, 68th Leg., p. 3693, ch. 576, Sec. 1, eff. 1/1/1984.