Tex. Prop. Code § 112.0715 · Subchapter D. DISTRIBUTION OF TRUST PRINCIPAL IN FURTHER TRUST
CREATION OF SECOND TRUST.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A second trust may be created by a distribution of principal under Section 112.072 or 112.073 to a second trust that retains the name used by the first trust. The second trust may retain, subject to applicable federal law, the tax identification number of the first trust.
(b) If a second trust is created by a distribution of principal under Section 112.072 or 112.073 to a trust that retains the name of the first trust, the property is not required to be retitled.
(c) Repealed by Acts 2023, 88th Leg., R.S., Ch. 446 (H.B. 2196), Sec. 6, eff. June 9, 2023.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 1112 (H.B. 2245), Sec. 4, eff. September 1, 2019.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 446 (H.B. 2196), Sec. 4, eff. June 9, 2023.
Acts 2023, 88th Leg., R.S., Ch. 446 (H.B. 2196), Sec. 6, eff. June 9, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.112.htm
- Text hash
- sha256 7860f72a17a156cd24b6b5502145ac71fce3423a061aad685a242dfd576884be
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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