Texas Property Code 181.054 – Effect of Release On Multiple Donees
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Terms Used In Texas Property Code 181.054
- Donee: The recipient of a gift.
- Fiduciary: A trustee, executor, or administrator.
Unless the instrument creating a power provides otherwise, the complete or partial release by one or more donees of a power that may be exercised by two or more donees, either as an individual or a fiduciary, together or successively, does not prevent or limit the exercise or participation in the exercise of the power by the other donee or donees.
