OPTIONS
Known as the Texas Trust Code
The act spans §§ 111–116 (165 sections).
Added by Acts 2005, 79th Leg., Ch. 148 (H.B. 1190), Sec. 10, eff
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.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.