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

Tex. Property Code § 113.015: AUTHORITY TO BORROW.

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 borrow money from any source, including a trustee, purchase property on credit, and mortgage, pledge, or in any other manner encumber all or any part of the assets of the trust as is advisable in the judgment of the trustee for the advantageous administration of the trust.

Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.

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

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