GroundRules
Tex. Property Code § 113.054: SALES FROM ONE TRUST TO ANOTHER.
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 B. DUTIES OF TRUSTEE
A trustee of one trust may not sell property to another trust of which it is also trustee unless the property is:
(1) a bond, note, bill, or other obligation issued or fully guaranteed as to principal and interest by the United States; and
(2) sold for its current market price.
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