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

Tex. Property Code § 117.006: DUTIES AT INCEPTION OF TRUSTEESHIP.

Where this section sits in the code

PROPERTY CODE
TITLE 9. TRUSTS
SUBTITLE B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS
CHAPTER 117. UNIFORM PRUDENT INVESTOR ACT

Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.

Added by Acts 2003, 78th Leg., ch. 1103, Sec. 1, eff. Jan. 1, 2004.

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

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