{"data":{"id":"us-tx/tex.-property-code-113.003","jurisdiction":"us-tx","citation":"Tex. Property Code § 113.003","heading":"OPTIONS.","body":"A trustee may:\n(1) grant an option involving a sale, lease, or other disposition of trust property, including an option exercisable beyond the duration of the trust; or\n(2) acquire and exercise an option for the acquisition of property, including an option exercisable beyond the duration of the trust.\nAdded by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 10, eff. January 1, 2006.","path":["PROPERTY CODE","TITLE 9. TRUSTS","SUBTITLE B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS","CHAPTER 113. ADMINISTRATION","SUBCHAPTER A. POWERS OF TRUSTEE"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.113.htm#113.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"7689c57f1bc986d85c4c409b5d8c4327d710217ea4f7519e746326ea970de2c8","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-113.002","next":"us-tx/tex.-property-code-113.004"},"notice":"GroundRules: Original legal text. Not legal advice."}