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Tex. Prop. Code § 113.027

DISTRIBUTIONS GENERALLY

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. 12, eff

When distributing trust property or dividing or terminating a trust, a trustee may:

(1) make distributions in divided or undivided interests;

(2) allocate particular assets in proportionate or disproportionate shares;

(3) value the trust property for the purposes of acting under Subdivision (1) or (2); and

(4) adjust the distribution, division, or termination for resulting differences in valuation.

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