Texas Property Code 113.006 – General Authority to Manage and Invest Trust Property
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Property Code 113.006
- Property: means real and personal property. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.
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.