In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
Tex. Prop. Code § 117.009
INVESTMENT COSTS
Known as the Uniform Prudent Investor Act
The act spans §§ 117–117 (12 sections).
Added by Acts 2003, 78th Leg., ch. 1103, Sec. 1, 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.