Texas Property Code Chapter 112 > Subchapter F – Noncharitable Trust Without Ascertainable Beneficiary
Current as of: 2024 | Check for updates
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Other versions
§ 112.121 | Validity of Trust; Applicability |
§ 112.122 | Enforcement of Trust |
§ 112.123 | Application or Distribution of Trust Property |
Terms Used In Texas Property Code Chapter 112 > Subchapter F - Noncharitable Trust Without Ascertainable Beneficiary
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Fiduciary: A trustee, executor, or administrator.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.