{"data":{"id":"us-tx/tex.-property-code-117.003","jurisdiction":"us-tx","citation":"Tex. Property Code § 117.003","heading":"PRUDENT INVESTOR RULE.","body":"(a) Except as otherwise provided in Subsection (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this chapter.\n(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust.\nAdded by Acts 2003, 78th Leg., ch. 1103, Sec. 1, eff. Jan. 1, 2004.","path":["PROPERTY CODE","TITLE 9. TRUSTS","SUBTITLE B. TEXAS TRUST CODE: CREATION, OPERATION, AND TERMINATION OF TRUSTS","CHAPTER 117. UNIFORM PRUDENT INVESTOR ACT"],"source_url":"https://statutes.capitol.texas.gov/Docs/PR/htm/PR.117.htm#117.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:37Z","sha256":"30e30d0fbf48b6651bc6cc818a811de266c8e80a77c7fb6f6c45bad6631f9302","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-property-code-117.002","next":"us-tx/tex.-property-code-117.004"},"notice":"GroundRules: Original legal text. Not legal advice."}