An authorized trustee may exercise the power to distribute principal to a second trust under Section 112.072 or 112.073 regardless of whether there is a current need to distribute principal under the terms of the first trust.
Tex. Prop. Code § 112.082
NEED FOR DISTRIBUTION NOT REQUIRED
Known as the Texas Trust Code
The act spans §§ 111.001 to 116.206 (165 sections).
Added by Acts 2013, 83rd Leg., R.S., Ch. 699 (H.B. 2913), Sec. 3, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.