Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Property Code § 113.003: OPTIONS.

Where this section sits in the code

PROPERTY CODE
TITLE 9. TRUSTS
SUBTITLE B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS
CHAPTER 113. ADMINISTRATION
SUBCHAPTER A. POWERS OF TRUSTEE

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.

Added by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 10, eff. January 1, 2006.

Collected 2026-08-27T01:47:37Z. Source file · JSON

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