reglab/housing_qa huggingface dataset:
TX Prop § 112.101 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 112 - Creation, Validity, Modification, and Termination of Trusts|Subchapter E. Effect of Dissolution of Marriage on Certain Transfers in Trust|Section 112.101. Definitions

Sec. 112.101.  DEFINITIONS.  In this subchapter:(1)  "Disposition or appointment of property" includes a transfer of property to or a provision of another benefit to a beneficiary under a trust instrument.(2)  "Divorced individual" means an individual whose marriage has been dissolved by divorce, annulment, or a declaration that the marriage is void.(3)  "Relative" means an individual who is related to another individual by consanguinity or affinity, as determined under Sections 573.022 and 573.024, Government Code, respectively.(4)  "Revocable," with respect to a disposition, appointment, provision, or nomination, means a disposition to, appointment of, provision in favor of, or nomination of an individual's spouse or any relative of the individual's spouse who is not a relative of the individual that is contained in a trust instrument executed by the individual before the dissolution of the individual's marriage to the spouse and that the individual was solely empowered by law or by the trust instrument to revoke regardless of whether the individual had the capacity to exercise the power at that time.|Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 5, eff. September 1, 2019.|
TX Prop § 112.102 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 112 - Creation, Validity, Modification, and Termination of Trusts|Subchapter E. Effect of Dissolution of Marriage on Certain Transfers in Trust|Section 112.102. Revocation of Certain Nontestamentary Transfers; Treatment of Former Spouse or Former Spouse's Relative as Beneficiary Under Certain Policies or Plans

Sec. 112.102.  REVOCATION OF CERTAIN NONTESTAMENTARY TRANSFERS; TREATMENT OF FORMER SPOUSE OR FORMER SPOUSE'S RELATIVE AS BENEFICIARY UNDER CERTAIN POLICIES OR PLANS.  (a)  The dissolution of the marriage revokes a provision in a trust instrument that was executed by a divorced individual as settlor before the divorced individual's marriage was dissolved and that:(1)  is a revocable disposition or appointment of property made to the divorced individual's former spouse or any relative of the former spouse who is not a relative of the divorced individual;(2)  revocably confers a general or special power of appointment on the divorced individual's former spouse or any relative of the former spouse who is not a relative of the divorced individual; or(3)  revocably nominates the divorced individual's former spouse or any relative of the former spouse who is not a relative of the divorced individual to serve:(A)  as a personal representative, trustee, conservator, agent, or guardian; or(B)  in another fiduciary or representative capacity.(b)  Subsection (a) does not apply if one of the following provides otherwise:(1)  a court order;(2)  the express terms of a trust instrument executed by the divorced individual before the individual's marriage was dissolved; or(3)  an express provision of a contract relating to the division of the marital estate entered into between the divorced individual and the individual's former spouse before, during, or after the marriage.(c)  Sections 9.301 and 9.302, Family Code, govern the designation of a former spouse as a beneficiary of certain life insurance policies or as a beneficiary under certain retirement benefit plans or other financial plans.|Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 5, eff. September 1, 2019.|
TX Prop § 112.103 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 112 - Creation, Validity, Modification, and Termination of Trusts|Subchapter E. Effect of Dissolution of Marriage on Certain Transfers in Trust|Section 112.103. Effect of Revocation

Sec. 112.103.  EFFECT OF REVOCATION.  (a)  An interest granted in a provision of a trust instrument that is revoked under Section 112.102(a)(1) or (2) passes as if the former spouse of the divorced individual who executed the trust instrument and each relative of the former spouse who is not a relative of the divorced individual disclaimed the interest granted in the provision.(b)  An interest granted in a provision of a trust instrument that is revoked under Section 112.102(a)(3) passes as if the former spouse and each relative of the former spouse who is not a relative of the divorced individual died immediately before the dissolution of the marriage.|Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 5, eff. September 1, 2019.|
TX Prop § 112.104 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 112 - Creation, Validity, Modification, and Termination of Trusts|Subchapter E. Effect of Dissolution of Marriage on Certain Transfers in Trust|Section 112.104. Liability of Certain Purchasers or Recipients of Certain Payments, Benefits, or Property

Sec. 112.104.  LIABILITY OF CERTAIN PURCHASERS OR RECIPIENTS OF CERTAIN PAYMENTS, BENEFITS, OR PROPERTY.  A bona fide purchaser of property from a divorced individual's former spouse or any relative of the former spouse who is not a relative of the divorced individual or a person who receives from the former spouse or any relative of the former spouse who is not a relative of the divorced individual a payment, benefit, or property in partial or full satisfaction of an enforceable obligation:(1)  is not required by this subchapter to return the payment, benefit, or property; and(2)  is not liable under this subchapter for the amount of the payment or the value of the property or benefit.|Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 5, eff. September 1, 2019.|
TX Prop § 112.105 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 112 - Creation, Validity, Modification, and Termination of Trusts|Subchapter E. Effect of Dissolution of Marriage on Certain Transfers in Trust|Section 112.105. Liability of Former Spouse or Former Spouse's Relative for Certain Payments, Benefits, or Property

Sec. 112.105.  LIABILITY OF FORMER SPOUSE OR FORMER SPOUSE'S RELATIVE FOR CERTAIN PAYMENTS, BENEFITS, OR PROPERTY.  A divorced individual's former spouse or any relative of the former spouse who is not a relative of the divorced individual who, not for value, receives a payment, benefit, or property to which the former spouse or the relative of the former spouse who is not a relative of the divorced individual is not entitled as a result of Sections 112.102(a) and (b):(1)  shall return the payment, benefit, or property to the person who is entitled to the payment, benefit, or property under this subchapter; or(2)  is personally liable to the person described by Subdivision (1) for the amount of the payment or the value of the benefit or property received, as applicable.|Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 5, eff. September 1, 2019.|
TX Prop § 112.106 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 112 - Creation, Validity, Modification, and Termination of Trusts|Subchapter E. Effect of Dissolution of Marriage on Certain Transfers in Trust|Section 112.106. Certain Trusts With Divorced Individuals as Joint Settlors

Sec. 112.106.  CERTAIN TRUSTS WITH DIVORCED INDIVIDUALS AS JOINT SETTLORS.  (a)  This section applies only to a trust created under a trust instrument that:(1)  was executed by two married individuals as settlors whose marriage to each other is subsequently dissolved; and(2)  includes a provision described by Section 112.102(a).(b)  On the death of one of the divorced individuals who is a settlor of a trust to which this section applies, the trustee shall divide the trust into two trusts, each of which shall be composed of the property attributable to the contributions of only one of the divorced individuals.(c)  An action authorized in a trust instrument described by Subsection (a) that requires the actions of both divorced individuals may be taken with respect to a trust established in accordance with Subsection (b) from the surviving divorced individual's contributions solely by that divorced individual.(d)  The provisions of this subchapter apply independently to each trust established in accordance with Subsection (b) as if the divorced individual from whose contributions the trust was established had been the only settlor to execute the trust instrument described by Subsection (a).(e)  This section does not apply if one of the following provides otherwise:(1)  a court order;(2)  the express terms of a trust instrument executed by the two divorced individuals before their marriage was dissolved; or(3)  an express provision of a contract relating to the division of the marital estate entered into between the two divorced individuals before, during, or after their marriage.|Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 5, eff. September 1, 2019.|
TX Prop § 113.001 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.001. Limitation of Powers

Sec. 113.001.  LIMITATION OF POWERS.  A power given to a trustee by this subchapter does not apply to a trust to the extent that the instrument creating the trust, a subsequent court order, or another provision of this subtitle conflicts with or limits the power.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.002 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.002. General Powers

Sec. 113.002.  GENERAL POWERS.  Except as provided by Section 113.001, a trustee may exercise any powers in addition to the powers authorized by this subchapter that are necessary or appropriate to carry out the purposes of the trust.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.003 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.003. Options

Sec. 113.003.  OPTIONS.  A trustee may:(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(2)  acquire and exercise an option for the acquisition of property, including an option exercisable beyond the duration of the trust.|Added by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 10, eff. January 1, 2006.|
TX Prop § 113.004 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.004. Additions to Trust Assets

Sec. 113.004.  ADDITIONS TO TRUST ASSETS.  A trustee may receive from any source additions to the assets of the trust.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.005 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.005. Acquisition of Undivided Interests

Sec. 113.005.  ACQUISITION OF UNDIVIDED INTERESTS.  A trustee may acquire all or a portion of the remaining undivided interest in property in which the trust holds an undivided interest.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.006 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.006. General Authority to Manage and Invest Trust Property

Sec. 113.006.  GENERAL AUTHORITY TO MANAGE AND INVEST TRUST PROPERTY.  Subject to the requirements of Chapter 117, a trustee may manage the trust property and invest and reinvest in property of any character on the conditions and for the lengths of time as the trustee considers proper, notwithstanding that the time may extend beyond the term of the trust.|Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.  Amended by Acts 2003, 78th Leg., ch. 1103, Sec. 3, eff. Jan. 1, 2004.|
TX Prop § 113.007 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.007. Temporary Deposits of Funds

Sec. 113.007.  TEMPORARY DEPOSITS OF FUNDS.  A trustee may deposit trust funds that are being held pending investment, distribution, or the payment of debts in a bank that is subject to supervision by state or federal authorities.  However, a corporate trustee depositing funds with itself is subject to the requirements of Section 113.057 of this code.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984;  Acts 1984, 68th Leg., 2nd C.S., ch. 18, Sec. 11, eff. Oct. 2, 1984.|
TX Prop § 113.008 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.008. Business Entities

Sec. 113.008.  BUSINESS ENTITIES.  A trustee may invest in, continue, or participate in the operation of any business or other investment enterprise in any form, including a sole proprietorship, partnership, limited partnership, corporation, or association, and the trustee may effect any change in the organization of the business or enterprise.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.009 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.009. Real Property Management

Sec. 113.009.  REAL PROPERTY MANAGEMENT.  A trustee may:(1)  exchange, subdivide, develop, improve, or partition real property;(2)  make or vacate public plats;(3)  adjust boundaries;(4)  adjust differences in valuation by giving or receiving value;(5)  dedicate real property to public use or, if the trustee considers it in the best interest of the trust, dedicate easements to public use without consideration;(6)  raze existing walls or buildings;(7)  erect new party walls or buildings alone or jointly with an owner of adjacent property;(8)  make repairs;  and(9)  make extraordinary alterations or additions in structures as necessary to make property more productive.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.010 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.010. Sale of Property

Sec. 113.010.  SALE OF PROPERTY.  A trustee may contract to sell, sell and convey, or grant an option to sell real or personal property at public auction or private sale for cash or for credit or for part cash and part credit, with or without security.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.011 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.011. Leases

Sec. 113.011.  LEASES.  (a)  A trustee may grant or take a lease of real or personal property for any term, with or without options to purchase and with or without covenants relating to erection of buildings or renewals, including the lease of a right or privilege above or below the surface of real property.(b)  A trustee may execute a lease containing terms or options that extend beyond the duration of the trust.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.013 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.013. Insurance

Sec. 113.013.  INSURANCE.  A trustee may purchase insurance of any nature, form, or amount to protect the trust property and the trustee.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.014 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.014. Payment of Taxes

Sec. 113.014.  PAYMENT OF TAXES.  A trustee may pay taxes and assessments levied or assessed against the trust estate or the trustee by governmental taxing or assessing authorities.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.015 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.015. Authority to Borrow

Sec. 113.015.  AUTHORITY TO BORROW.  A trustee may borrow money from any source, including a trustee, purchase property on credit, and mortgage, pledge, or in any other manner encumber all or any part of the assets of the trust as is advisable in the judgment of the trustee for the advantageous administration of the trust.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.016 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.016. Management of Securities

Sec. 113.016.  MANAGEMENT OF SECURITIES.  A trustee may:(1)  pay calls, assessments, or other charges against or because of securities or other investments held by the trust;(2)  sell or exercise stock subscription or conversion rights;(3)  vote corporate stock, general or limited partnership interests, or other securities in person or by general or limited proxy;(4)  consent directly or through a committee or other agent to the reorganization, consolidation, merger, dissolution, or liquidation of a corporation or other business enterprise;  and(5)  participate in voting trusts and deposit stocks, bonds, or other securities with any protective or other committee formed by or at the instance of persons holding similar securities, under such terms and conditions respecting the deposit thereof as the trustee may approve;  sell any stock or other securities obtained by conversion, reorganization, consolidation, merger, liquidation, or the exercise of subscription rights free of any restrictions upon sale otherwise contained in the trust instrument relative to the securities originally held;  assent to corporate sales, leases, encumbrances, and other transactions.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.017 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.017. Corporate Stock or Other Securities Held in Name of Nominee

Sec. 113.017.  CORPORATE STOCK OR OTHER SECURITIES HELD IN NAME OF NOMINEE.  A trustee may:(1)  hold corporate stock or other securities in the name of a nominee;(2)  under Subchapter B, Chapter 161, or other law, employ a bank incorporated in this state or a national bank located in this state as custodian of any corporate stock or other securities held in trust;  and(3)  under Subchapter C, Chapter 161, or other law, deposit or arrange for the deposit of securities with a Federal Reserve Bank or in a clearing corporation.|Amended by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.019 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.019. Claims

Sec. 113.019.  CLAIMS.  A trustee may compromise, contest, arbitrate, or settle claims of or against the trust estate or the trustee.|Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.020 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.020. Burdensome or Worthless Property

Sec. 113.020.  BURDENSOME OR WORTHLESS PROPERTY.  A trustee may abandon property the trustee considers burdensome or worthless.|Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.|
TX Prop § 113.021 (2021)
2021 Texas Statutes|Property Code|Title 9 - Trusts|Subtitle B - Texas Trust Code: Creation, Operation, and Termination of Trusts|Chapter 113 - Administration|Subchapter A. Powers of Trustee|Section 113.021. Distribution to Minor or Incapacitated Beneficiary

Sec. 113.021.  DISTRIBUTION TO MINOR OR INCAPACITATED BENEFICIARY.  (a)  A trustee may make a distribution required or permitted to be made to any beneficiary in any of the following ways when the beneficiary is a minor or a person who in the judgment of the trustee is incapacitated by reason of legal incapacity or physical or mental illness or infirmity:(1)  to the beneficiary directly;(2)  to the guardian of the beneficiary's person or estate;(3)  by utilizing the distribution, without the interposition of a guardian, for the health, support, maintenance, or education of the beneficiary;(4)  to a custodian for the minor beneficiary under the Texas Uniform Transfers to Minors Act (Chapter 141) or a uniform gifts or transfers to minors act of another state;(5)  by reimbursing the person who is actually taking care of the beneficiary, even though the person is not the legal guardian, for expenditures made by the person for the benefit of the beneficiary; or(6)  by managing the distribution as a separate fund on the beneficiary's behalf, subject to the beneficiary's continuing right to withdraw the distribution.(b)  The written receipts of persons receiving distributions under Subsection (a) of this section are full and complete acquittances to the trustee.|Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, eff. Jan. 1, 1984.Amended by: Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 11, eff. January 1, 2006.|