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

Tex. Property Code § 113.007: TEMPORARY DEPOSITS OF FUNDS.

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 deposit trust funds that are being held pending investment, distribution, or the payment of debts in a bank that is subject to supervision by state or federal authorities. However, a corporate trustee depositing funds with itself is subject to the requirements of Section 113.057 of this code.

Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984; Acts 1984, 68th Leg., 2nd C.S., ch. 18, Sec. 11, eff. Oct. 2, 1984.

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

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