VALIDITY OF TRUST; APPLICABILITY
Known as the Texas Trust Code
The act spans §§ 111.001 to 116.206 (165 sections).
Added by Acts 2023, 88th Leg., R.S., Ch. 1121 (H.B. 2333), Sec. 2, eff
(a) A trust may be created for a noncharitable purpose without a definite or definitely ascertainable beneficiary. A noncharitable purpose may include seeking economic or noneconomic benefits.
(b) This subchapter does not apply to a trust created under Section 112.037.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.