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.
Tex. Prop. Code § 113.006
GENERAL AUTHORITY TO MANAGE AND INVEST TRUST PROPERTY
Known as the Texas Trust Code
The act spans §§ 111–116 (165 sections).
Applied in 2 court decisions — leading case Barrientos v. Nava (2002)
Most recently applied in Keisling v. Landrum (February 2007)
Added by Acts 1983, 68th Leg., p. 3332, ch. 567, art. 2, Sec. 2, 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.