Tex. Property Code § 121.053: VALIDITY OF TRUST DECLARATION.
Where this section sits in the code
- PROPERTY CODE
- TITLE 9. TRUSTS
- SUBTITLE C. MISCELLANEOUS TRUSTS
- CHAPTER 121. EMPLOYEES' TRUSTS
- SUBCHAPTER B. DEATH BENEFITS UNDER EMPLOYEES' TRUSTS
The validity of a trust agreement or declaration is not affected by:
(1) the absence of a corpus other than the right of the trustee to receive a death benefit as beneficiary;
(2) the employee's reservation of the right to designate another beneficiary of the death benefit; or
(3) the existence of authority to amend, modify, revoke, or terminate the agreement or declaration.
Acts 1983, 68th Leg., p. 3693, ch. 576, Sec. 1, eff. Jan. 1, 1984.
Collected 2026-08-27T01:47:37Z. Source file · JSON