Tex. Nat. Res. Code § 151.104

BENEFICIARY OF TRUST

Added by Acts 1997, 75th Leg., ch. 562, Sec. 1, eff

Each seller of standing timber is a beneficiary of trust money to the extent of the beneficiary's share of the purchase price for the timber.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.