Current through Acts 2023-2024, ch. 272
Section 701.1010 - Limitation on personal liability of trustee(1) Except as otherwise provided in the contract, a trustee is not personally liable on a contract properly entered into in the trustee's fiduciary capacity in the course of administering the trust if the trustee in the contract disclosed the fiduciary capacity.(2) A trustee is personally liable for torts committed in the course of administering a trust, or for obligations arising from ownership or control of trust property, including liability for violation of environmental law, only if the trustee is personally at fault.Added by Acts 2013SP1 ch, 92,s 170, eff. 12/15/2013.