A trustee is not liable for a mistake of fact made before the trustee has actual knowledge or receives written notice of the happening of any event that determines or affects the distribution of the income or principal of the trust, including marriage, divorce, attainment of a certain age, performance of education requirements, or death.
Tex. Prop. Code § 114.004
ACTIONS TAKEN PRIOR TO KNOWLEDGE OR NOTICE OF FACTS
Known as the Texas Trust Code
The act spans §§ 111–116 (165 sections).
Amended 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.